TAP · Earnings call · 2026Q2T · Full report

Interest Rate and Refinancing Exposure

MOLSON COORS BEVERAGE CO · 2026-08-06 · Importance 40 · Surprise 42

During Q2, Molson Coors completed public and private placement offerings that refinanced and retired part of its debt. The transactions extended maturities and optimized the balance sheet at attractive rates despite a rising interest rate environment. Net debt to underlying EBITDA was 2.53x at quarter-end, approaching the company's stated goal of below 2.5x by year-end, while debt reduction remained one of several competing capital allocation priorities.