Constellation Brands prices $500 million senior notes offering

Constellation Brands Inc. (NYSE: STZ) priced a public offering of $500 million in senior notes due 2035 with a 4.950% interest rate at 99.716% of principal amount, according to a company statement.

The beverage alcohol company expects the offering to close on October 17, 2025, subject to customary closing conditions. The notes will rank equally with Constellation's other senior unsecured debt obligations.

Constellation plans to use net proceeds for general corporate purposes, including redeeming all outstanding 4.400% senior notes due 2025 totaling $500 million in aggregate principal amount.

BofA Securities Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities LLC serve as joint book-running managers for the offering.

The Rochester, New York-based company produces and markets beer, wine, and spirits across the United States, Mexico, New Zealand, and Italy. Its brand portfolio includes Modelo Especial, Corona Extra, Robert Mondavi Winery, and Casa Noble Tequila.

You May Also Be Interested In