secwatch.observer — SEC 8-K summary
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Issuer:     CONSTELLATION BRANDS, INC. (STZ)
CIK:        0000016918
Form:       8-K
Filed at:   2025-10-17T23:59:59+00:00
Accession:  0001193125-25-242497
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Brands terminates $500M term loan, issues $500M 4.950% notes due 2035
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- Terminated $500M delayed draw term loan effective Oct 21, 2025; no borrowings outstanding, no early termination penalties.
- Issued $500M aggregate principal of 4.950% Senior Notes due 2035 at 99.716% of par.
- Interest payable May 1 & Nov 1, first payment May 1, 2026; notes mature Nov 1, 2035.
- Notes are redeemable at Company's option under terms in Supplemental Indenture.
- Supplemental Indenture includes customary covenants and events of default (e.g., failure to pay, cross-acceleration >$200M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16918/000119312525242497/0001193125-25-242497-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16918/000119312525242497/d70289d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-242497

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