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Constellation Brands Prices Offering of Senior Notes

1. Constellation Brands is offering $500 million in Senior Notes due 2030. 2. The notes have an interest rate of 4.800% and price of 99.824%. 3. Proceeds will repay existing debt and fund capital expenditures. 4. Closing of the offering is expected on May 1, 2025. 5. BofA Securities, BNP Paribas, Goldman Sachs, and J.P. Morgan are managers.

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FAQ

Why Bullish?

The capital raised can enhance financial flexibility and reduce debt, positively impacting investor perception. Historically, similar offerings have been received positively if funds are allocated to growth or debt reduction.

How important is it?

The capital raise for debt reduction and growth initiatives can enhance STZ’s valuation and investor confidence.

Why Short Term?

Immediate benefits from capital raise and debt repayment may influence STZ's stock price shortly after May 1, 2025.

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BUDMOGOOG
April 29, 2025 17:00 ET  | Source: Constellation Brands, Inc. 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 $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 (the "notes") for a public offering price of 99.824% of the principal amount of the notes. The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness. 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 CONTACTSINVESTOR RELATIONS CONTACTSAmy Martin585-678-7141amy.martin@cbrands.comJoseph Suarez773-551-4397joseph.suarez@cbrands.comCarissa Guzski315-525-7362carissa.guzski@cbrands.comSnehal Shah847-385-4940snehal.shah@cbrands.com   David Paccapaniccia585-282-7227david.paccapaniccia@cbrands.com A downloadable PDF copy of this news release can be found herehttp://ml.globenewswire.com/Resource/Download/a719b7ce-2e86-455c-bfc2-90b330568c22 Attachments Constellation Brands Prices Offering of Senior Notes...

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