Constellation Brands Prices Offering of Senior Notes
(Thomson Reuters ONE) -
VICTOR, N.Y., May 2, 2017 - Constellation Brands, Inc. (NYSE: STZ and STZ.B), a
leading beverage alcohol company, announced today that it priced the public
offering of $1.5 billion aggregate principal amount of Senior Notes, consisting
of (i) $500.0 million of 2.70% Senior Notes due 2022 (the "2022 notes") for a
public offering price of 99.782% of the principal amount of the 2022 notes;
(ii) $500.0 million of 3.50% Senior Notes due 2027 (the "2027 notes") for a
public offering price of 99.766% of the principal amount of the 2027 notes; and
(iii) $500.0 million of 4.50% Senior Notes due 2047 (the "2047 notes") for a
public offering price of 99.559% of the principal amount of the 2047 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 May 9, 2017. Constellation
intends to use the net proceeds from the offering to repay all of its
outstanding 7.250% Senior Notes due May 2017 in the aggregate principal amount
of $700 million and to repay a portion of the outstanding indebtedness under its
U.S. Term A Loan.
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(at)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
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Constellation Brands Inc via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.05.2017 - 23:23 Uhr
Sprache: Deutsch
News-ID 539854
Anzahl Zeichen: 4463
contact information:
Town:
Victor
Kategorie:
Business News
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