Constellation Brands closes wine divestiture to The Wine Group; redeems $900M senior notes

CONSTELLATION BRANDS, INC.

Sold mainstream wine brands (Woodbridge, Meiomi, etc.) to The Wine Group; retained higher-end portfolio priced $15+.
Transaction closed June 2, 2025; FY2026 outlook unchanged.
Redeemed all outstanding 4.75% notes due 2025 and 5.00% notes due 2026, aggregate $900M principal.
Redemption dates: June 12, 2025 (2026 notes) and July 2, 2025 (2025 notes).

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