debt
confidence high
sentiment neutral
materiality 0.50
Constellation Brands issues $500M of 4.850% Senior Notes due 2031 to redeem $600M notes
CONSTELLATION BRANDS, INC.
- Constellation Brands priced $500M of 4.850% Senior Notes due 2031 at 99.943% of par.
- Net proceeds, plus commercial paper or cash, will redeem all $600M of 3.700% Senior Notes due 2026.
- Offering expected to close May 6, 2026, subject to customary closing conditions.
- Underwriters include BofA Securities, Goldman Sachs, PNC Capital Markets, and Truist Securities.
- Any remaining proceeds will be used for general corporate purposes.