Constellation Brands Prices Offering of Senior Notes
22 Octubre 2018 - 4:52PM
Constellation Brands Prices Offering of Senior Notes
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that it priced the public
offering of $2.15 billion aggregate principal amount of Senior
Notes, consisting of (i) $650.0 million of Senior
Floating Rate Notes due 2021 (the “senior floating rate notes”);
(ii) $500.0 million of 4.400% Senior Notes due
2025 (the “2025 notes”) for a public offering price of 99.812%
of the principal amount of the 2025 notes;
(iii) $500.0 million of 4.650% Senior Notes
due 2028 (the “2028 notes”) for a public offering price of
99.720% of the principal amount of the 2028 notes; and
(iv) $500.0 million of 5.250% Senior Notes due
2048 (the “2048 notes”) for a public offering price of 99.592%
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 and/or
senior term credit facility.
Closing of the offering is expected to occur on
October 29, 2018. Constellation intends to use the net
proceeds from the offering, together with borrowings under its
senior term credit facility and its commercial paper program and
cash on hand, to finance the Company’s pending incremental
investment in Canopy Growth Corporation of C$5.1 billion, or
approximately $4 billion.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 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 Merrill Lynch, Pierce, Fenner & Smith
Incorporated 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 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.
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.
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MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
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Mike
McGrew 773-251-4934 | Amy
Martin 585-678-7141 |
Patty
Yahn-Urlaub 585-678-7483 | Bob
Czudak 585-678-7170 |
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A PDF accompanying this announcement is available
at: http://resource.globenewswire.com/Resource/Download/e17087bf-ecaa-45b5-abe3-19d1acf991a2