debt
confidence high
sentiment neutral
materiality 0.35
Constellation Brands issues $400M of 4.800% Senior Notes due 2029
CONSTELLATION BRANDS, INC.
- $400M aggregate principal, 4.800% coupon, due 2029, issued at 99.889% of par.
- Underwriters: BofA Securities, Goldman Sachs, J.P. Morgan, and Wells Fargo.
- Closing scheduled for January 11, 2024, subject to customary closing conditions.
- Net proceeds for general corporate purposes including working capital, capex, and debt repayment.