Constellation Brands to redeem $600M notes early
Constellation Brands plans to redeem all $600 million of its 4.350% Senior Notes due 2027 ahead of maturity on September 18, 2026.
Rhea-AI Filing Summary
CONSTELLATION BRANDS, INC. (STZ) announced that it has given notice for the full redemption, prior to maturity, of all outstanding 4.350% Senior Notes due 2027. The redemption is expected to be effected on September 18, 2026. As of September 8, 2026, these notes had an aggregate principal amount of $600.0 million outstanding.
The company intends to fund the redemption using commercial paper borrowings and/or cash on hand. The redemption price will be paid in cash and calculated under the formula in the supplemental indenture governing the notes. The disclosure was furnished under Regulation FD.
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Filing Explained
The September 8 Form 8-K is a furnished Regulation FD communication, and its attached release is not itself the redemption notice; the trustee distributed the operative notice to noteholders, so the
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Aggregate principal amount of notes: $600.0 million
Coupon rate: 4.350%
Redemption date: September 18, 2026
+1 more
4 metrics
Aggregate principal amount of notes
$600.0 million
Outstanding 4.350% Senior Notes due 2027 as of September 8, 2026
Coupon rate
4.350%
Interest rate on Senior Notes due 2027 being redeemed
Redemption date
September 18, 2026
Scheduled effective date for full redemption of the notes
Form type
8-K
Current report describing the redemption notice and related disclosure
Key Terms
Senior Notes, redemption price, supplemental indenture, commercial paper borrowings, +2 more
6 terms
Senior Notes financial
"full redemption prior to maturity of all of its outstanding 4.350% Senior Notes due 2027"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
redemption price financial
"The redemption price for the notes, payable in cash, will be calculated"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
supplemental indenture financial
"calculated pursuant to the formula set forth in the supplemental indenture relating to the notes"
A supplemental indenture is a written amendment to the original bond agreement that changes specific terms of a debt contract, such as payment schedules, interest rates, collateral or covenant protections. Investors care because it alters the legal rights and risks tied to a security — like renegotiating a mortgage where the lender and borrower agree to new rules — and can affect a bond’s credit quality, yield and market value.
commercial paper borrowings financial
"The Company intends to use commercial paper borrowings and/or cash on hand to fund the redemption"
Regulation FD regulatory
"incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD"
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"This news release contains forward-looking statements within the meaning of the “safe harbor” provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What debt is Constellation Brands (STZ) redeeming early?
Constellation Brands is redeeming all of its outstanding 4.350% Senior Notes due 2027. The company has delivered a notice of full redemption to noteholders, with the redemption to occur prior to the notes’ stated maturity in 2027.
How much principal of the 4.350% Senior Notes is outstanding for STZ?
As of September 8, 2026, Constellation Brands had $600.0 million in aggregate principal amount of its 4.350% Senior Notes due 2027 outstanding. All of this amount is subject to the announced full redemption.
When will Constellation Brands (STZ) complete the redemption of its 2027 notes?
Constellation Brands stated the full redemption of its 4.350% Senior Notes due 2027 is to be effected on September 18, 2026, following the delivery of the notice of redemption to holders.
How will Constellation Brands (STZ) fund the redemption of the 4.350% Senior Notes?
Constellation Brands intends to fund the redemption of its 4.350% Senior Notes due 2027 using commercial paper borrowings and/or cash on hand. The redemption price will be paid in cash to noteholders.
How will the redemption price for STZ’s 4.350% Senior Notes be determined?
The redemption price for the 4.350% Senior Notes due 2027 will be paid in cash and calculated pursuant to the formula set forth in the supplemental indenture governing the notes, as referenced by Constellation Brands.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 8, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (585) 678-7100
| Not Applicable | ||
| (Former name or former address, if changed since last report.) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
| Item 7.01 | Regulation FD Disclosure. | ||||
On September 8, 2026, Constellation Brands, Inc. (the “Company”) issued a news release announcing that it has given notice for full redemption prior to maturity of all of its outstanding 4.350% Senior Notes due 2027. The Company intends to use commercial paper borrowings and/or cash on hand to fund the redemption. A copy of the news release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information in the news release attached as Exhibit 99.1 is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.
| Item 9.01 | Financial Statements and Exhibits. | ||||
| Exhibit No. | Description | ||||
| 99.1 | News Release of Constellation Brands, Inc. dated September 8, 2026. | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 8, 2026 | CONSTELLATION BRANDS, INC. | |||||||
| By: | /s/ Garth Hankinson | |||||||
| Garth Hankinson | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||
Exhibit 99.1
CONSTELLATION BRANDS ANNOUNCES DELIVERY OF
NOTICE OF REDEMPTION FOR 4.350% SENIOR NOTES DUE 2027
Rochester, N.Y., Sept. 8, 2026 – Constellation Brands (NYSE: STZ), a leading U.S.-based total beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 4.350% Senior Notes due 2027 (CUSIP Number: 21036P BK3) to be effected on September 18, 2026. As of September 8, 2026, there were $600.0 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.
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, a U.S.-based company, 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 Carissa Guzski 315-525-7362 / carissa.guzski@cbrands.com | Blair Veenema 585-284-4433 / blair.veenema@cbrands.com David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com Emily Blanchard / emily.blanchard@cbrands.com | ||||