Constellation Brands Announces Delivery of Notice of Redemption for 3.700% Senior Notes due 2026
Rhea-AI Summary
Constellation Brands (NYSE: STZ) announced notice of full redemption prior to maturity of all outstanding 3.700% Senior Notes due 2026 (CUSIP 21036PAQ1). As of May 6, 2026, $600.0 million aggregate principal amount remained outstanding. The redemption is to be effected on May 18, 2026, and the redemption price will be calculated pursuant to the supplemental indenture formula; payment will be made in cash. The press release clarifies this communication does not itself constitute the trustee's notice of redemption.
Positive
- Full redemption announced for $600.0 million 3.700% senior notes due 2026
- Redemption scheduled to be effected on May 18, 2026
Negative
- Redemption requires cash payment, creating a near-term cash outflow
- Redemption price determined by supplemental indenture formula (amount not disclosed)
News Market Reaction – STZ
In the May 7 session, STZ declined 1.34%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 08 | Earnings results | Positive | +8.5% | Full fiscal year and Q4 2026 earnings release and investor call details. |
| Mar 19 | Earnings date set | Neutral | -1.5% | Announcement of reporting date and call schedule for FY and Q4 2026. |
| Feb 12 | CEO succession | Neutral | -8.0% | Appointment of Nicholas Fink as President and CEO effective April 13, 2026. |
| Jan 07 | Earnings results | Positive | +5.3% | Third quarter fiscal 2026 results and related webcast announcement. |
| Dec 04 | Earnings date set | Neutral | +3.1% | Scheduling and access details for upcoming Q3 2026 earnings release and call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings reports have drawn strong positive reactions, while event notices and leadership changes have sometimes seen price moves that diverge from the generally neutral tone of the announcements.
Over the last six months, STZ news centered on earnings and leadership. Earnings reports on Jan 7, 2026 and Apr 8, 2026 both saw solid gains of +5.32% and +8.53%, respectively. In contrast, neutral scheduling updates on Dec 4, 2025 and Mar 19, 2026 and a CEO succession announcement on Feb 12, 2026 were followed by mixed or negative moves. Today’s note redemption fits into an ongoing balance-sheet and capital-markets focus alongside these operating updates.
Key Terms
senior notes financial
cusip financial
supplemental indenture financial
indenture financial
trustee financial
notice of redemption financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROCHESTER, N.Y., May 06, 2026 (GLOBE NEWSWIRE) -- Constellation Brands (NYSE: STZ), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its 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.
This press release shall not constitute a notice of redemption of the notes. Information concerning the terms and conditions of the redemption of the notes is described in the notice distributed to holders of the notes by the trustee under the indenture and the applicable supplemental indenture governing the notes.
ABOUT CONSTELLATION BRANDS
Constellation Brands is an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation’s brand portfolio includes Modelo Especial, Corona Extra, Modelo Cheladas, Pacifico, Victoria, The Prisoner Wine Company, Robert Mondavi Winery, Kim Crawford, Schrader Cellars, Lingua Franca, Mi CAMPO Tequila, and High West Whiskey.
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, including statements regarding the redemption date and price, are forward-looking statements that are based upon management’s current expectations and are subject to risks and uncertainties. The forward-looking statements should not be construed in any manner as a guarantee that such events or results will in fact occur or will occur on the timetable contemplated hereby. All forward-looking statements speak only as of the date of this news release and Constellation 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 |
| Maggie Bowman 213-500-2401 / maggie.bowman@cbrands.com | Blair Veenema 585-284-4433 / blair.veenema@cbrands.com Snehal Shah 847-385-4940 / snehal.shah@cbrands.com David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com |
PDF available: http://ml.globenewswire.com/Resource/Download/eebf28ef-7e1d-4a8a-9528-8eb4d653404d
