debt
confidence high
sentiment neutral
materiality 0.50
Constellation Brands prices $500M 4.850% Senior Notes due 2031; proceeds to redeem $600M notes due 2026
CONSTELLATION BRANDS, INC.
- Issued $500M aggregate principal of 4.850% Senior Notes due 2031 at 99.943% of par.
- Net proceeds plus commercial paper/cash will redeem $600M 3.700% Senior Notes due 2026 and fund general corporate purposes.
- Closing expected May 6, 2026; joint book-running managers: BofA, Goldman Sachs, PNC Capital Markets, Truist Securities.
- Notes are senior unsecured obligations ranking equally with all existing senior unsecured debt.