BackSummary
Constellation Brands priced $500M of 4.850% Senior Notes due 2031, with proceeds to redeem $600M of 3.700% Senior Notes due 2026.
Key takeaways
- Priced $500M senior notes at 99.943% of par, yielding 4.850% due 2031.
- Proceeds will redeem $600M of 3.700% notes due 2026, reducing near-term debt.
- Offering expected to close May 6, 2026, subject to customary conditions.
- Joint book-runners include BofA, Goldman Sachs, PNC Capital, and Truist.
- Use of proceeds includes general corporate purposes alongside redemption.