debt
confidence high
sentiment neutral
materiality 0.50
Constellation Brands issues $500M of 4.950% Senior Notes due 2035 to refinance 2025 notes
CONSTELLATION BRANDS, INC.
- $500M aggregate principal of 4.950% Senior Notes due 2035 issued at 99.716% of par.
- Net proceeds to redeem all outstanding $500M of 4.400% Senior Notes due 2025.
- Underwriters: BofA Securities, BBVA Securities, J.P. Morgan, and Wells Fargo Securities.
- Closing scheduled for October 17, 2025, subject to customary conditions.
- Offered under existing shelf registration; proceeds for general corporate purposes.