Constellation Brands Prices Offering of Senior Notes
October 31 2017 - 6:29PM
Constellation Brands, Inc. (NYSE:STZ)(NYSE:STZ.B), a leading
beverage alcohol company, announced today that it priced the public
offering of $2.0 billion aggregate principal amount of Senior
Notes, consisting of (i) $600.0 million of 2.000% Senior
Notes due 2019 (the “2019 notes”) for a public offering price of
99.860% of the principal amount of the 2019 notes;
(ii) $700.0 million of 2.250% Senior Notes due 2020 (the
“2020 notes”) for a public offering price of 99.804% of the
principal amount of the 2020 notes; and (iii) $700.0
million of 2.650% Senior Notes due 2022 (the “2022 notes”) for a
public offering price of 99.582% of the principal amount of the
2022 notes (collectively, the “notes”). The notes will be
senior obligations that rank equally with all of Constellation’s
other senior unsecured indebtedness, and will be guaranteed by the
subsidiaries of Constellation that are guarantors under
Constellation’s senior credit facility.
Closing of the offering is expected to occur on November 7,
2017. Constellation intends to use the net proceeds from the
offering to repay amounts outstanding under its European Term A
loan facility.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P.
Morgan Securities LLC are acting as the joint book-running managers
of the offering. The notes are being offered only by means of a
prospectus, including a prospectus supplement, copies of which may
be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith
Incorporated toll-free at (800) 294-1322 or emailing
dg.prospectus_requests@baml.com, or contacting J.P. Morgan
Securities LLC collect at (212) 834-4533. Alternatively, the
prospectus and prospectus supplement may be obtained by visiting
EDGAR on the SEC website at http://www.sec.gov.
This announcement does not constitute an offer to sell or a
solicitation of an offer to buy notes. The notes will not be sold
in any state or jurisdiction in which such an offer, solicitation,
or sale would be unlawful.
About Constellation BrandsConstellation 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 StatementsThis 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, including the
prospectus and prospectus supplement for the offering.
CONTACTS
MediaMike McGrew: 773-251-4934Amy Martin:
585-678-7141
Investor RelationsPatty Yahn-Urlaub:
585-678-7483Bob Czudak: 585-678-7170
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