Constellation Brands enters $500M delayed draw term loan facility

CONSTELLATION BRANDS, INC.

Aggregate principal amount $500M, available in up to two draws.
Proceeds will be used for general corporate purposes, including debt repayment.
Maturity two years after initial borrowing; commitments expire Nov 7, 2025 if undrawn.
Interest at Term SOFR or Base Rate plus spread (0.750%-1.250% SOFR; 0.000%-0.250% Base Rate).
Covenants: min interest coverage 2.50:1.00; max net leverage 4.00:1.00 (step-up to 4.50 after material acquisition).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.