Constellation Brands Announces Full Redemption of 2.250% Senior Notes Due 2020
April 27 2020 - 4:30PM
Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading
beverage alcohol company, announced today that it has given notice
for full redemption prior to maturity of all of its outstanding
2.250% Senior Notes due 2020 (CUSIP Number: 21036PAV0) (the
"notes") to be effected on May 27, 2020 (the "redemption
date"). As of April 27, 2020, there were $700.0 million in
aggregate principal amount of the notes outstanding.
The redemption price for the notes, payable in cash, will be
calculated pursuant to the formula set forth in the supplemental
indenture relating to the notes, and will include a make-whole
premium of approximately $6.0 million.
ABOUT CONSTELLATION BRANDSConstellation Brands
is an international producer and marketer of beer, wine and spirits
with operations in the U.S., Mexico, New Zealand, and Italy.
Constellation is the third-largest beer company in the U.S. and a
leading, higher-end wine and spirits company in the U.S. market.
Constellation’s brand portfolio includes Corona Extra, Corona
Light, Corona Premier, Modelo Especial, Modelo Negra, Pacifico, the
Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner
brand family, SVEDKA Vodka, Casa Noble Tequila, and High West
Whiskey.
FORWARD-LOOKING STATEMENTSThis 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. The forward-looking statements
are based on management's current expectations and should not be
construed in any manner as a guarantee that such events or results
will in fact occur. All forward-looking statements speak only as of
the date of this news release and Constellation Brands undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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.
MEDIA CONTACTS |
INVESTOR RELATIONS CONTACTS |
Mike McGrew 773-251-4934 /
michael.mcgrew@cbrands.comAmy Martin 585-678-7141 /
amy.martin@cbrands.com |
Patty Yahn-Urlaub 585-678-7483
/ patty.yahn-urlaub@cbrands.comBob Czudak 585-678-7170 /
bob.czudak@cbrands.com |
A downloadable PDF copy of this news release enhanced with
multimedia links can be found
here: http://ml.globenewswire.com/Resource/Download/bbd560a2-f76e-448a-af3b-dfd766231158
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