{"id":516047,"date":"2021-07-21T16:54:21","date_gmt":"2021-07-21T20:54:21","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/constellation-brands-prices-offering-of-senior-notes\/"},"modified":"2021-07-21T16:54:21","modified_gmt":"2021-07-21T20:54:21","slug":"constellation-brands-prices-offering-of-senior-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/constellation-brands-prices-offering-of-senior-notes\/","title":{"rendered":"Constellation Brands Prices Offering of Senior Notes"},"content":{"rendered":"
\n

\n VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) — <\/strong>Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0\u00a0billion of 2.250% Senior Notes due 2031 (the \u201cnotes\u201d) for a public offering price of 99.555% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation\u2019s other senior unsecured indebtedness.<\/p>\n

Closing of the offering is expected to occur on July\u00a026, 2021. Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 2.700% senior notes due 2022 in the aggregate principal amount of $500.0 million and for general corporate purposes, which may include the repayment of near-term debt maturities.<\/p>\n

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 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@bofa.com, contacting Goldman Sachs & Co. LLC toll-free at (866) 471-2526 or emailing prospectus-ny@ny.email.gs.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.<\/p>\n

This announcement does not constitute an offer to sell or a solicitation of an offer to buy notes. The notes will not be offered or sold in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.<\/p>\n

\n ABOUT CONSTELLATION BRANDS<\/strong>
\n
Constellation Brands is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation\u2019s brand portfolio includes Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, Pacifico, the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.<\/p>\n

\n FORWARD-LOOKING STATEMENTS<\/strong>
\n
This news release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d 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\u2019s current expectations and are subject to risks and uncertainties. The forward-looking statements are based on management’s current expectations and should not be construed in any manner as a guarantee that such events or results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding risk factors with respect to the company and the offering are included in the company\u2019s filings with the SEC, including the prospectus and prospectus supplement for the offering.<\/p>\n\n\n\n
\n MEDIA CONTACTS<\/strong>\n <\/td>\n\n INVESTOR RELATIONS CONTACTS<\/strong>\n <\/td>\n<\/tr>\n
Mike McGrew 773-251-4934 \/ michael.mcgrew@cbrands.com<\/a><\/u>
Amy Martin 585-678-7141 \/ amy.martin@cbrands.com<\/a><\/u><\/td>\n		Patty Yahn-Urlaub 585-678-7483 \/ patty.yahn-urlaub@cbrands.com<\/a><\/u>
Marisa Pepelea 312-741-2316 \/ marisa.pepelea@cbrands.com<\/a><\/u><\/td>\n<\/tr>\n<\/table>\n

A downloadable PDF copy of this news release can be found here: http:\/\/ml.globenewswire.com\/Resource\/Download\/14c20fb3-1708-4379-a427-3c1d4500acc5<\/a>\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0\u00a0billion of 2.250% Senior Notes due 2031 (the \u201cnotes\u201d) for a public offering price of 99.555% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation\u2019s other senior unsecured indebtedness. Closing of the offering is expected to occur on July\u00a026, 2021. Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 2.700% senior notes due 2022 in the aggregate principal amount of $500.0 million and for general corporate purposes, which may include the repayment … <\/p>\n

Continue reading “Constellation Brands Prices Offering of Senior Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516047","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nConstellation Brands Prices Offering of Senior Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/constellation-brands-prices-offering-of-senior-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Constellation Brands Prices Offering of Senior Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VICTOR, N.Y., July 21, 2021 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $1.0\u00a0billion of 2.250% Senior Notes due 2031 (the \u201cnotes\u201d) for a public offering price of 99.555% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation\u2019s other senior unsecured indebtedness. Closing of the offering is expected to occur on July\u00a026, 2021. Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 2.700% senior notes due 2022 in the aggregate principal amount of $500.0 million and for general corporate purposes, which may include the repayment … Continue reading "Constellation Brands Prices Offering of Senior Notes"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/constellation-brands-prices-offering-of-senior-notes\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-21T20:54:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NDYyNyM0MzA4ODczIzIwMDU0MTM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Constellation Brands Prices Offering of Senior Notes\",\"datePublished\":\"2021-07-21T20:54:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/\"},\"wordCount\":557,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI4NDYyNyM0MzA4ODczIzIwMDU0MTM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/constellation-brands-prices-offering-of-senior-notes\\\/\",\"name\":\"Constellation Brands Prices Offering of Senior Notes - 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