Constellation Brands redeems $600M 3.700% notes, issues $500M 4.850% notes due 2031

CONSTELLATION BRANDS, INC.

Full redemption of all $600M outstanding 3.700% Senior Notes due 2026 on May 18, 2026.
Issued $500M aggregate principal of 4.850% Senior Notes due 2031 at 99.943% of par.
New notes mature May 6, 2031, interest paid semi-annually starting Nov 6, 2026.
Net debt reduction of $100M as redemption exceeds new issuance by $100M.

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