Constellation Brands said on January 9, 2024 that it priced a public offering of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029. The company said the notes will be senior obligations ranking equally with all of its other senior unsecured indebtedness.

1. 01

   Constellation Brands said on January 9, 2024 that it priced a public offering of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029. The company said the notes will be senior obligations ranking equally with all of its other senior unsecured indebtedness.

2. 02

   The company said the public offering price of the notes is 99.889% of principal amount. The company said closing is expected to occur on January 11, 2024, subject to customary closing conditions.

3. 03

   The company said it intends to use the net proceeds from the offering for general corporate purposes, including working capital, funding capital expenditures, repayment of indebtedness and other business opportunities.

4. 04

   The company said BofA Securities, Goldman Sachs, J.P. Morgan Securities and Wells Fargo Securities are acting as joint book-running managers of the offering. It said the notes are being offered only by means of a prospectus, including a prospectus supplement.

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Original filing

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