MCCORMICK & CO INC (MKC) Form 8-K — May 1, 2026
McCormick & Company entered into a $2.0 billion term loan agreement to finance its pending acquisition of Unilever's foods business.
Key figures
- Debt Amount
- 2,000,000,000
- Interest Rate
- Term SOFR + 0.750% to 1.500% or Base Rate + 0.000% to 0.500%
- Maturity Date
- Three years after the Closing Date
- Ticking Fee
- 0.10%
- Ebitda To Interest Coverage
- 3.75:1.00
Price after filing
1 day: 0.0%7 days: -3.8%30 days: -5.7%
Close on the filing date to close N calendar days later (from $50.24). Historical, not a forecast.
AI analysis
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