Constellation Brands Announces Full Redemption of 3.875% Senior Notes Due 2019
July 29 2019 - 4:30PM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that it has given notice
for full redemption prior to maturity of all of its outstanding
3.875% Senior Notes due 2019 (CUSIP Number: 21036PAM0) (the
"notes") to be effected on August 28, 2019 (the "redemption date").
As of July 29, 2019, there were $400.0 million in aggregate
principal amount of the notes outstanding.
The redemption price for the notes, payable in
cash, will be calculated pursuant to the formula set forth in the
supplemental indenture relating to the notes, and will include a
make-whole premium of approximately $1.1 million.
About Constellation
BrandsConstellation Brands is an 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 beer company in the U.S. and a leading, higher-end
wine company in the U.S. market. Constellation’s brand portfolio
includes Corona Extra, Corona Light, Corona Premier, Corona
Familiar, Modelo Especial, Modelo Negra, Pacifico, Robert Mondavi,
Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, 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 are included in the
company’s filings with the SEC.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew |
773-251-4934 |
michael.mcgrew@cbrands.com |
Patty Yahn-Urlaub |
585-678-7483 |
patty.yahn-urlaub@cbrands.com |
Amy Martin |
585-678-7141 |
amy.martin@cbrands.com |
Bob Czudak |
585-678-7170 |
bob.czudak@cbrands.com |
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Tom Conaway |
585-678-7503 |
thomas.conaway@cbrands.com |
A downloadable PDF copy of this news release can be found
here: http://ml.globenewswire.com/Resource/Download/000c21bb-ee25-4549-a6b1-c2acc16caa0f
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