TAP · 8-K · 20260806PR000070

Interest Rate and Refinancing Exposure

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 65 · Surprise 60 · Contradicted

The company completed debt refinancing transactions during the second quarter to enhance financial flexibility. After June 30, 2026, it repaid $2.0 billion of 3.0% senior notes using proceeds from a May 27 issuance of $500 million of senior notes due July 2031 and $1.0 billion of senior notes due July 2036, together with cash on hand. Total debt was $7,709.6 million and net debt was $5,581.5 million at June 30, 2026, with net debt to underlying EBITDA of 2.53x versus 2.41x a year earlier. The company forecasts 2026 consolidated net interest expense of $260 million, plus or minus 5%.

Key facts

• Subsequent to June 30, 2026, the Company repaid $2.0 billion 3.0% senior notes using cash proceeds from May 27, 2026 issuance of $500 million senior notes due July 2031 and $1.0 billion senior notes due July 2036, and cash on hand. source
• For full year 2026, the Company expects consolidated net interest expense of $260 million, plus or minus 5%. source
• The current year cash settlement of the company's forward starting interest rate swaps was $107.5 million for the six months ended June 30, 2026. source

Impact estimates