Constellation Brands Prices Offering of Senior Notes
Constellation Brands has successfully priced a public offering of $500.0 million in Senior Notes, due 2030, with a 4.800% interest rate. The notes, priced at 99.824% of principal value, will rank equally with the company's other senior unsecured debt.
The offering is expected to close on May 1, 2025. The beverage alcohol company plans to use the proceeds for general corporate purposes, including debt repayment, working capital, and capital expenditures. Leading financial institutions including BofA Securities, BNP Paribas Securities, Goldman Sachs, and J.P. Morgan Securities are serving as joint book-running managers.
Interested investors can obtain the prospectus through the managing banks or the SEC website. The offering is subject to customary closing conditions and regulatory compliance.
Constellation Brands ha completato con successo il collocamento pubblico di 500,0 milioni di dollari in Senior Notes, con scadenza 2030 e un tasso di interesse del 4,800%. Le obbligazioni, emesse al 99,824% del valore nominale, avranno lo stesso rango delle altre obbligazioni senior non garantite della società.
La chiusura dell'offerta è prevista per il 1 maggio 2025. L'azienda di bevande alcoliche intende utilizzare i proventi per finalità aziendali generali, tra cui il rimborso del debito, il capitale circolante e gli investimenti in capitale. Le principali istituzioni finanziarie, tra cui BofA Securities, BNP Paribas Securities, Goldman Sachs e J.P. Morgan Securities, agiscono come co-responsabili del collocamento.
Gli investitori interessati possono ottenere il prospetto tramite le banche incaricate o sul sito della SEC. L'offerta è soggetta alle consuete condizioni di chiusura e al rispetto delle normative vigenti.
Constellation Brands ha logrado colocar con éxito una oferta pública de 500,0 millones de dólares en bonos senior con vencimiento en 2030 y una tasa de interés del 4,800%. Los bonos, valorados al 99,824% del valor nominal, tendrán la misma prioridad que la otra deuda senior no garantizada de la empresa.
Se espera que la oferta cierre el 1 de mayo de 2025. La compañía de bebidas alcohólicas planea utilizar los fondos para fines corporativos generales, incluyendo el pago de deuda, capital de trabajo y gastos de capital. Instituciones financieras líderes como BofA Securities, BNP Paribas Securities, Goldman Sachs y J.P. Morgan Securities actúan como gestores conjuntos del libro de órdenes.
Los inversores interesados pueden obtener el prospecto a través de los bancos administradores o en el sitio web de la SEC. La oferta está sujeta a las condiciones habituales de cierre y al cumplimiento regulatorio.
Constellation Brands는 만기 2030년인 5억 달러 규모의 선순위 채권을 4.800% 금리로 성공적으로 공모했습니다. 이 채권은 액면가의 99.824%로 가격이 책정되었으며, 회사의 다른 선순위 무담보 부채와 동일한 순위를 가집니다.
공모 마감일은 2025년 5월 1일로 예정되어 있습니다. 이 주류 회사는 조달 자금을 일반 기업 운영 목적, 부채 상환, 운전자본 및 자본 지출에 사용할 계획입니다. BofA Securities, BNP Paribas Securities, Goldman Sachs, J.P. Morgan Securities 등 주요 금융기관이 공동 주관사로 참여하고 있습니다.
관심 있는 투자자는 주관 은행이나 SEC 웹사이트를 통해 투자설명서를 받을 수 있습니다. 이번 공모는 통상적인 마감 조건과 규제 준수를 전제로 합니다.
Constellation Brands a réussi à émettre une offre publique de 500,0 millions de dollars en obligations senior arrivant à échéance en 2030, avec un taux d'intérêt de 4,800%. Les obligations, émises à 99,824% de leur valeur nominale, auront le même rang que les autres dettes senior non garanties de la société.
La clôture de l'offre est prévue pour le 1er mai 2025. La société de boissons alcoolisées prévoit d'utiliser les fonds pour des besoins généraux d'entreprise, incluant le remboursement de dette, le fonds de roulement et les dépenses en capital. Des institutions financières de premier plan telles que BofA Securities, BNP Paribas Securities, Goldman Sachs et J.P. Morgan Securities agissent en tant que gestionnaires conjoints de l'opération.
Les investisseurs intéressés peuvent obtenir le prospectus auprès des banques gestionnaires ou sur le site de la SEC. L'offre est soumise aux conditions habituelles de clôture et à la conformité réglementaire.
Constellation Brands hat erfolgreich eine öffentliche Platzierung von 500,0 Millionen US-Dollar in Senior Notes mit Fälligkeit 2030 und einem Zinssatz von 4,800% durchgeführt. Die Anleihen wurden zu 99,824% des Nennwerts begeben und haben den gleichen Rang wie die anderen unbesicherten Seniorverbindlichkeiten des Unternehmens.
Der Abschluss des Angebots wird für den 1. Mai 2025 erwartet. Das alkoholische Getränkeunternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich Schuldenrückzahlung, Betriebskapital und Investitionsausgaben. Führende Finanzinstitute wie BofA Securities, BNP Paribas Securities, Goldman Sachs und J.P. Morgan Securities fungieren als gemeinsame Bookrunner.
Interessierte Investoren können den Prospekt über die betreuenden Banken oder die Website der SEC erhalten. Das Angebot unterliegt den üblichen Abschlussbedingungen und der Einhaltung gesetzlicher Vorschriften.
- Successfully priced $500M senior notes offering at 4.800% due 2030
- Strong banking relationships with major institutions (BofA, BNP Paribas, Goldman Sachs, JP Morgan)
- Notes will rank equally with other senior unsecured debt, indicating good credit standing
- Additional debt burden through new notes issuance
- Proceeds partly used to repay existing debt, suggesting refinancing needs
- Slight discount on notes pricing at 99.824% of principal amount
Insights
Constellation's $500M debt offering represents standard capital management, extending debt profile while maintaining financial flexibility.
Constellation Brands has priced a
This debt issuance represents a typical corporate financing maneuver with three primary purposes:
- Refinancing existing commercial paper
- Supporting working capital needs
- Funding capital expenditures and business opportunities
By replacing short-term commercial paper with these 5-year notes, Constellation is extending its debt maturity profile, potentially reducing near-term refinancing pressure. This liability management approach suggests a deliberate balancing of the company's debt structure.
The
This transaction demonstrates Constellation's continued ability to access debt markets to support its operational and strategic initiatives. The offering is expected to close on May 1, 2025, subject to customary conditions.
ROCHESTER, N.Y., April 29, 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 May 1, 2025, subject to the satisfaction of customary closing conditions. Constellation intends to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper and other indebtedness, working capital, funding capital expenditures, and other business opportunities.
BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, and J.P. Morgan 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, BNP Paribas Securities Corp. toll-free at (800) 854-5674, contacting Goldman Sachs & Co. LLC toll-free at (866) 471-2526 or emailing prospectus-ny@ny.email.gs.com, or contacting J.P. Morgan Securities LLC collect at (212) 834-4533. 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, Pacifico, Robert Mondavi Winery, Kim Crawford, The Prisoner Wine Company, High West Whiskey, Casa Noble Tequila, and Mi CAMPO Tequila.
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 | Joseph Suarez | 773-551-4397 | joseph.suarez@cbrands.com |
| Carissa Guzski | 315-525-7362 | carissa.guzski@cbrands.com | Snehal Shah | 847-385-4940 | snehal.shah@cbrands.com |
| David Paccapaniccia | 585-282-7227 | david.paccapaniccia@cbrands.com | |||
A downloadable PDF copy of this news release can be found here
http://ml.globenewswire.com/Resource/Download/a719b7ce-2e86-455c-bfc2-90b330568c22
FAQ
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