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VICTOR, N.Y., Jan. 30, 2023 (GLOBE NEWSWIRE) — Constellation Manufacturers, Inc. (NYSE: STZ), a number one beverage alcohol firm, introduced right this moment that it priced the general public providing of $500.0 million combination principal quantity of 5.000% Senior Notes due 2026 (the “notes”) for a public providing value of 99.829% of the principal quantity of the notes. The notes will likely be senior obligations that rank equally with all of Constellation’s different senior unsecured indebtedness.
Closing of the providing is predicted to happen on February 2, 2023. Constellation intends to make use of the online proceeds from the providing for basic company functions, together with the compensation of a portion of its indebtedness excellent below the delayed draw three-year time period mortgage facility of its time period mortgage credit score settlement, dated as of August 9, 2022, as amended on October 18, 2022.
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BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC are performing because the joint book-running managers of the providing. The notes are being supplied solely via a prospectus, together with a prospectus complement, copies of which can be obtained by contacting BofA Securities, Inc. toll-free at (800) 294-1322 or emailing dg.prospectus_requests@bofa.com, contacting Goldman Sachs & Co. LLC toll-free at (866) 471-2526 or emailing prospectus-ny@ny.e mail.gs.com, or contacting J.P. Morgan Securities LLC acquire at (212) 834-4533. Alternatively, the prospectus and prospectus complement could also be obtained by visiting EDGAR on the SEC web site at https://www.sec.gov.
This announcement doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase notes. The notes is not going to be supplied or offered in any state or jurisdiction wherein such a suggestion, solicitation, or sale could be illegal.
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ABOUT CONSTELLATION BRANDS
Constellation Manufacturers is a world producer and marketer of beer, wine, and spirits with operations within the U.S., Mexico, New Zealand, and Italy. Constellation’s model portfolio consists of Corona Additional, Modelo Especial, the Robert Mondavi Model Household, Kim Crawford, Meiomi, The Prisoner Wine Firm, and Excessive West Whiskey.
FORWARD-LOOKING STATEMENTS
This information launch comprises forward-looking statements inside the that means of the “protected harbor” provisions of the Personal Securities Litigation Reform Act of 1995. Statements which aren’t historic information and relate to future plans, occasions, or efficiency are forward-looking statements which are based mostly upon administration’s present expectations and are topic to dangers and uncertainties. The forward-looking statements are based mostly on administration’s present expectations and shouldn’t be construed in any method as a assure that such occasions or outcomes will the truth is happen. All forward-looking statements converse solely as of the date of this information launch and Constellation Manufacturers undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions, or in any other case. Detailed info concerning threat elements with respect to the corporate and the providing are included within the firm’s filings with the SEC, together with the prospectus and prospectus complement for the providing.
A downloadable PDF copy of this information launch may be discovered right here: http://ml.globenewswire.com/Useful resource/Obtain/9f466f60-5ef6-478f-ac96-61a8d3a245ab
