Constellation Brands Prices Offering of Senior Notes
January 29 2018 - 6:36PM
Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading
beverage alcohol company, announced today that it priced the public
offering of $1.9 billion aggregate principal amount of Senior
Notes, consisting of (i) $600.0 million of 3.200% Senior
Notes due 2023 (the “2023 notes”) for a public offering price of
99.907% of the principal amount of the 2023 notes;
(ii) $700.0 million of 3.600% Senior Notes due 2028 (the
“2028 notes”) for a public offering price of 99.807% of the
principal amount of the 2028 notes; and (iii) $600.0
million of 4.100% Senior Notes due 2048 (the “2048 notes”) for a
public offering price of 99.656% of the principal amount of the
2048 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 February 7,
2018. Constellation intends to use the net proceeds from the
offering to redeem prior to maturity its outstanding 6.000% Senior
Notes due 2022 in the aggregate principal amount of $600.0 million
and for general corporate purposes.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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