debt
confidence high
sentiment neutral
materiality 0.50
Constellation Brands prices $400M of 4.800% Senior Notes due 2029
CONSTELLATION BRANDS, INC.
- $400M aggregate principal amount of 4.800% Senior Notes due 2029 priced at 99.889% of par.
- Notes are senior unsecured obligations ranking equally with existing senior debt.
- Closing expected Jan 11, 2024; net proceeds for general corporate purposes including working capital and debt repayment.
- Joint book-running managers: BofA, Goldman Sachs, J.P. Morgan, Wells Fargo.