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Constellation Brands logoConstellation Brands STZ

The company said it entered into Supplemental Indenture No. 35 on May 1, 2025 and issued $500.0 million of 4.800% Senior Notes due 2030 at a public offering price of 99.824% of principal amount.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into Supplemental Indenture No. 35 on May 1, 2025 and issued $500.0 million of 4.800% Senior Notes due 2030 at a public offering price of 99.824% of principal amount.

  2. The company said interest on the Notes is payable on May 1 and November 1 each year, with the first payment due on November 1, 2025, and the Notes mature on May 1, 2030.

  3. The company said the Supplemental Indenture lists as events of default the failure to pay principal or interest, the failure to pay indebtedness above $200.0 million after maturity or its acceleration, and the failure to comply with other obligations. It also said the Trustee or holders of not less than 25% of outstanding principal could declare all unpaid amounts immediately due and payable.

  4. The company said the Notes were registered under the Securities Act of 1933 under its registration statement on Form S-3 filed with the SEC on November 10, 2022. It also said the Supplemental Indenture includes customary covenants on liens and sale and leaseback transactions.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$500.0 million 4.800% Senior Notes due 2030 Issued

The company said it entered into Supplemental Indenture No. 35 on May 1, 2025 and issued $500.0 million of 4.800% Senior Notes due 2030 at a public offering price of 99.824% of principal amount.

Source · Based on the filing body and exhibits

Interest Payment Dates and Maturity

The company said interest on the Notes is payable on May 1 and November 1 each year, with the first payment due on November 1, 2025, and the Notes mature on May 1, 2030.

Source · Based on the filing body and exhibits

Events of Default and Acceleration Terms

The company said the Supplemental Indenture lists as events of default the failure to pay principal or interest, the failure to pay indebtedness above $200.0 million after maturity or its acceleration, and the failure to comply with other obligations. It also said the Trustee or holders of not less than 25% of outstanding principal could declare all unpaid amounts immediately due and payable.

Source · Based on the filing body and exhibits

Registration Basis and Notes Covenants

The company said the Notes were registered under the Securities Act of 1933 under its registration statement on Form S-3 filed with the SEC on November 10, 2022. It also said the Supplemental Indenture includes customary covenants on liens and sale and leaseback transactions.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.