Skip to content
Reported distress — not a Credit Event determination

MOSAIC CO files 8-K reporting a triggering event that accelerates a financial obligation (Item 2.04)

Source time: · added to CDSBench 23 Sep 2026, 13:30 UTC

Open the source: SEC EDGAR ↗
Sourced facts

What happened

  • MOSAIC CO (SEC CIK 1285785) filed a Form 8-K on 2026-08-28 reporting Item 2.04: an event that accelerates or increases a direct financial obligation, such as a default under a debt agreement.

From: SEC EDGAR filing record (form, items, filer, filing date and acceptance time). Source: SEC EDGAR.

CDSBench analysis — not from the source

CDS relevance

  • An acceleration or payment default under borrowed money can be relevant to Failure to Pay or other Credit Events, depending on the obligation, grace periods and thresholds in the CDS terms.
  • Item 2.04 is also used for technical or covenant triggers that are later waived; the filing says which.
  • A filing is not a Credit Event: for standard contracts only the Credit Derivatives Determinations Committee decides that, and whether single-name CDS reference this legal entity must be checked separately.

What to watch next

  • Whether the lenders waive, forbear or accelerate.
  • Whether the issuer misses a payment after any grace period.
  • Any later 8-K reporting Item 1.03 (bankruptcy).

General information about how CDS documentation treats this kind of event, not legal or investment advice, and not a statement that a Credit Event has occurred.

Follow this subject

Americas · Regulation, Banks & financials, Restructuring