Constellation Brands Plans Commercial Paper Program
September 25 2017 - 4:30PM
YASTEST
VICTOR, N.Y., Sept. 25, 2017 (GLOBE NEWSWIRE) --
Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B) announced today
that it plans to launch a commercial paper program pursuant to
which it will offer and sell unsecured, unsubordinated notes, on a
private placement basis, in reliance on an exemption from
registration under the Securities Act of 1933, as amended (the
"Securities Act"). The notes will not be redeemable prior to
maturity or subject to voluntary prepayment. The proceeds of the
notes will be used for general corporate purposes.
The notes to be offered have not been and will not
be registered under the Securities Act and may not be offered or
sold in the United States absent registration or an applicable
exemption from registration requirements. This news release shall
not constitute an offer to sell or the solicitation of an offer to
buy the company's notes under the commercial paper program.
About Constellation
Brands
Constellation Brands is a leading international producer and
marketer of beer, wine and spirits with operations in the U.S.,
Mexico, New Zealand, Italy and Canada. Constellation is the
third-largest producer and marketer of beer for the U.S. market and
the world's leading premium wine company with a leading market
position in the U.S. Constellation's wine portfolio is complemented
by select premium spirits brands. Constellation's brand portfolio
includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra,
Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim
Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, The
Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West
Whiskey.
Forward-Looking
Statements
This news release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Statements which are not historical
facts and relate to future plans, events or performance are
forward-looking statements that are based upon management's current
expectations and are subject to risks and uncertainties. Detailed
information regarding risk factors with respect to the company and
the offering are included in the company's filings with the
SEC.
CONTACTS
Media
Mike McGrew: 773-251-4934
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands, Inc via Globenewswire
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Constellation Brands (NYSE:STZ)
Historical Stock Chart
From Apr 2023 to Apr 2024