VICTOR, N.Y., Oct. 31, 2017 (GLOBE NEWSWIRE) --
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
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,
including the prospectus and prospectus supplement for the
offering.
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