CBrands Prices Senior Notes

Constellation Brands, Inc. said it priced the public offering of $500 million aggregate principal amount of 5% Senior Notes due 2026 (the “notes”) for a public offering price of 99.829% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness.

Closing of the offering is expected to occur on Feb. 2. Proceeds will be used for general corporate purposes, including the repayment of a portion of its indebtedness outstanding under the delayed draw three-year term loan facility of its term loan credit agreement, dated as of Aug.9, 2022, as amended on Oct. 18, 2022.

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