Constellation Brands Prices Offering of Senior Notes

10/31/17

VICTOR, N.Y., Oct. 31, 2017 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE:STZ)(NYSE:STZ.B), a leading beverage alcohol company, announced today that it priced the public offering of $2.0 billion aggregate principal amount of Senior Notes, consisting of (i) $600.0 million of 2.000% Senior Notes due 2019 for a public offering price of 99.860% of the principal amount of the 2019 notes; (ii) $700.0 million of 2.250% Senior Notes due 2020 for a public offering price of 99.804% of the principal amount of the 2020 notes; and (iii) $700.0 million of 2.650% Senior Notes due 2022 for a public offering price of 99.582% of the principal amount of the 2022 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.

About Constellation Brands

Constellation Brands is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and Canada. 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. Constellation’s wine portfolio is complemented by select premium spirits brands. Constellation’s brand portfolio includes Corona Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point, Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan Estate, Ruffino, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West Whiskey.

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