Constellation Brands Prices Offering of Senior Notes
Constellation Brands (NYSE: STZ) priced a public offering of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 at a public offering price of 99.716% of principal. The notes will rank equally with Constellation’s other senior unsecured debt.
Closing is expected on October 17, 2025, subject to customary conditions. Net proceeds are intended for general corporate purposes, including the redemption of $500 million aggregate principal amount of existing 4.400% Senior Notes due 2025. BofA Securities, BBVA Securities, J.P. Morgan Securities and Wells Fargo Securities are joint book‑running managers.
Constellation Brands (NYSE: STZ) ha perfezionato un'offerta pubblica di 500,0 milioni di dollari di importo principale aggregato di Note Senior 4,950% a scadenza 2035 al prezzo di offerta pubblica del 99,716% del valore nominale. Le note avranno lo stesso rango del debito senior non garantito di Constellation.
La chiusura è prevista per 17 ottobre 2025, soggetta a condizioni consuete. Il ricavato netto è destinato a scopi aziendali generali, inclusa la ripaga di 500 milioni di dollari di importo aggregato di delle Note Senior 4,400% dovute nel 2025. BofA Securities, BBVA Securities, J.P. Morgan Securities e Wells Fargo Securities sono joint book‑running managers.
Constellation Brands (NYSE: STZ) fijó una oferta pública por un monto nominal agregado de 500,0 millones de dólares de Bonos Senior 4,950% con vencimiento en 2035 a un precio de oferta pública del 99,716% del principal. Las notas tendrán la misma jerarquía que la otra deuda senior no garantizada de Constellation.
Se espera el cierre para el 17 de octubre de 2025, sujeto a las condiciones habituales. Los ingresos netos se destinarán a fines corporativos generales, incluida la recompra de 500 millones de dólares en principal agregado de las Notas Senior 4,400% con vencimiento en 2025. BofA Securities, BBVA Securities, J.P. Morgan Securities y Wells Fargo Securities son gestores conjuntos de libro.
Constellation Brands (NYSE: STZ)는 총 원금 5억 달러 규모의 4.950% 2035년 만기 선순위 채권을 공개 발행으로 원금의 99.716%의 공모가로 책정했습니다. 이 채권은 콘스텔레이션의 다른 선순위 무담보 부채와 동일한 순위를 가집니다.
마감은 일반적인 조건에 따라 2025년 10월 17일로 예상됩니다. 순매출은 일반 기업 목적에 사용될 예정이며, 기존 2025년 만기 4.400% 선순위채의 총 원금 5억 달러의 상환을 포함합니다. BofA Securities, BBVA Securities, J.P. Morgan Securities, Wells Fargo Securities가 공동 북런닝 매니저입니다.
Constellation Brands (NYSE: STZ) a fixé une offre publique d'un montant nominal aggregé de 500,0 millions de dollars de obligations senior à taux fixe 4,950% arrivant à échéance en 2035 au prix d'offre publique de 99,716% du principal. Les obligations auront le même rang par rapport aux autres dettes senior non garanties de Constellation.
La clôture est attendue le 17 octobre 2025, sous réserve des conditions habituelles. Le produit net sera utilisé pour des besoins généraux de l'entreprise, y compris le règlement anticipé de 500 millions de dollars du montant principal aggregé des obligations senior 4,400% arrivant en 2025. BofA Securities, BBVA Securities, J.P. Morgan Securities et Wells Fargo Securities sont les managers communs.
Constellation Brands (NYSE: STZ) hat eine öffentliche Emission von insgesamt 500,0 Mio. USD im Betrag der 4,950% Senior Notes fällig 2035 zu einem öffentlichen Angebotspreis von 99,716% des Nennwerts platziert. Die Notes werden gleichrangig mit Constellations anderer unbesicherter Senior-Schulden sein.
Die Schlussabwicklung wird voraussichtlich am 17. Oktober 2025 erfolgen, vorbehaltlich üblicher Bedingungen. Die Nettoprotokolle sollen für allgemeine Unternehmenszwecke verwendet werden, einschließlich der Rückzahlung von 500 Mio. USD des ausstehenden 4,400% Senior Notes fällig 2025. BofA Securities, BBVA Securities, J.P. Morgan Securities und Wells Fargo Securities sind gemeinsame Book-Running-Manager.
Constellation Brands (NYSE: STZ) قد حددت سعر عرض عام لإصدار عام بإجمالي قيمة اسمية قدرها 500.0 مليون دولار من سندات Senior بمعدل 4.950% تستحق في عام 2035 بسعر عرض عام قدره 99.716% من القيمة الاسمية. ستتساوى هذه السندات في المرتبة مع دين Constellation السني الأعلى غير المضمون الآخر.
من المتوقع أن يتم الإغلاق في 17 أكتوبر 2025، رهناً بالشروط المعتادة. سيتم استخدام العائدات الصافية لأغراض عامة للشركة، بما في ذلك سداد 500 مليون دولار من إجمالي القيمة الاسمية لـ سندات Senior بمعدل 4.400% تستحق 2025. BofA Securities وBBVA Securities وJ.P. Morgan Securities وWells Fargo Securities هم المدراء المشتركون للكتاب.
Constellation Brands (NYSE: STZ) 已定价发行为总本金额 5亿美元 的 4.950% 2035 年到期的 Senior Notes，公开发行价格为主金额的 99.716%。这些票据与 Constellation 的其他无担保高级债务同等排名。
预计在 2025 年 10 月 17 日完成，需符合惯常条件。净收益将用于公司的一般用途，包括对现有的 面值 5 亿美元、4.400% 的 2025 年到期 Senior Notes 进行回购。BofA Securities、BBVA Securities、J.P. Morgan Securities 与 Wells Fargo Securities 为联席账簿管理人。
- Issues $500.0M 4.950% notes maturing 2035
- Proceeds intended to redeem $500M 4.400% notes due 2025
- Closing expected on Oct 17, 2025
- Coupon 4.950% is 55 bps higher than the 4.400% notes being redeemed
- Notes priced below par at 99.716% (≈0.284% discount)
Insights
Constellation priced a $
Funding comes from a public offering of senior unsecured notes priced at
The action lengthens maturity from
Key dependencies and risks include successful closing on
Watch the closing on
ROCHESTER, N.Y., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it priced the public offering of
Closing of the offering is expected to occur on October 17, 2025, subject to the satisfaction of customary closing conditions. Constellation intends to use the net proceeds from the offering for general corporate purposes, including to redeem all of its outstanding
BofA Securities, Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC are acting as the joint book-running managers of the offering. The notes are being offered only by means of a prospectus, including a prospectus supplement, copies of which may be obtained by contacting BofA Securities, Inc. toll-free at (800) 294-1322 or emailing dg.prospectus_requests@bofa.com, contacting BBVA Securities Inc. toll-free at (800) 422-8692, contacting J.P. Morgan Securities LLC collect at (212) 834-4533, or contacting Wells Fargo Securities, LLC toll-free at (800) 645-3751. Alternatively, the prospectus and prospectus supplement may be obtained by visiting EDGAR on the SEC website at https://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 offered or sold in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful.
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, Casa Noble 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 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 | |
| Amy Martin 585-678-7141 /amy.martin@cbrands.com Carissa Guzski 315-525-7362 /carissa.guzski@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 | |
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FAQ
What did Constellation Brands (STZ) announce on October 15, 2025 about new debt?
How will the STZ offering affect the company's 2025 debt maturity?
When is the Constellation Brands (STZ) notes offering expected to close?
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Who are the joint book‑running managers for the STZ notes offering?
