Constellation Brands Prices Offering of Senior Notes
November 19 2015 - 04:55PM
VICTOR, N.Y., NOV. 19, 2015 -
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that it priced the public
offering of $400 million 4.75% Senior Notes due 2025 (the "notes").
The notes will be senior obligations that rank equally with all of
Constellation's other senior unsecured indebtedness, and will be
guaranteed by the subsidiaries of Constellation that are guarantors
under Constellation's senior credit facility.
Closing of the offering is expected to occur on
December 4, 2015. Constellation intends to use the net proceeds
from the offering to fund a portion of the purchase price for the
Company's pending acquisition of Home Brew Mart, Inc., d/b/a/
Ballast Point Brewing & Spirits, or for other general corporate
purposes.
Merrill Lynch, Pierce, Fenner & Smith
Incorporated, J.P. Morgan Securities LLC, Rabo Securities USA,
Inc., Wells Fargo Securities, LLC, SunTrust Robinson Humphrey, Inc.
and Mitsubishi UFJ Securities (USA), Inc. are acting as the joint
book-running managers of the offering, and Merrill Lynch, Pierce,
Fenner & Smith Incorporated is acting as the representative of
the underwriters. The notes are being offered only by means of a
prospectus, including a prospectus supplement, copies of which may
be obtained by calling toll-free (800) 294-1322 or emailing
dg.prospectus_requests@baml.com. Alternatively, the prospectus and
prospectus supplement may be obtained by visiting EDGAR on the SEC
website at http://www.sec.gov.
This announcement does not constitute an offer to
sell or a solicitation of an offer to buy notes. The notes will not
be sold in any state or jurisdiction in which such an offer,
solicitation, or sale would be unlawful.
About Constellation
Brands
Constellation Brands is a leading international producer and
marketer of beer, wine and spirits with operations in the U.S.,
Canada, Mexico, New Zealand and Italy. Constellation is the
third-largest producer and marketer of beer for the U.S. market and
the world's leading premium wine company with a leading market
position in the U.S., Canada and New Zealand. Constellation's wine
portfolio is complemented by select premium spirits brands.
Constellation's brand portfolio includes Corona Extra, Corona
Light, Modelo Especial, Negra Modelo, Pacifico, Robert Mondavi,
Clos du Bois, Kim Crawford, Rex Goliath, Mark West, Franciscan
Estate, Ruffino, Jackson-Triggs, SVEDKA Vodka and Black Velvet
Canadian Whisky.
Forward-Looking
Statements
This news release contains forward-looking statements within the
meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Statements which are not historical
facts and relate to future plans, events or performance are
forward-looking statements that are based upon management's current
expectations and are subject to risks and uncertainties. Detailed
information regarding risk factors with respect to the company and
the offering are included in the company's filings with the SEC,
including the prospectus and prospectus supplement for the
offering.
CONTACTS
Media
Cheryl Gossin: 585-678-7191
Amy Martin: 585-678-7141
Investor Relations
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
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This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Globenewswire
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