Constellation Brands Prices Offering of Senior Notes
July 24 2019 - 5:08PM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that it priced the public
offering of $800.0 million of 3.150% Senior Notes due
2029 (the “2029 notes”) for a public offering price of 99.957%
of the principal amount of the 2029 notes. The 2029 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 revolving credit facility and/or senior term
credit facilities.
Closing of the offering is expected to occur on
July 29, 2019. Constellation intends to use the net proceeds
from the offering to redeem prior to maturity its outstanding
3.875% senior notes due 2019 in the aggregate principal amount of
$400.0 million and for general corporate purposes.
BofA Securities, Inc., Goldman Sachs & Co. LLC,
and J.P. Morgan Securities LLC are acting as the joint book-running
managers of the offering. The 2029 notes are being offered only by
means of a prospectus, including a prospectus supplement, copies of
which may be obtained by contacting BofA Securities, Inc. toll-free
at (800) 294-1322 or emailing dg.prospectus_requests@baml.com,
contacting Goldman Sachs & Co. LLC toll-free at (866) 471-2526,
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 2029 notes. The 2029
notes will not be offered or sold in any state or jurisdiction in
which such an offer, solicitation, or sale would be unlawful.
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 and the offering are
included in the company’s filings with the SEC, including the
prospectus and prospectus supplement for the offering.
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 |
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