- Special Report: Syria's Islamists seize control as moderates dither
- Angelina Jolie stunt double sues News Corp over hacking
- Global shares firm, dollar steady before Fed decision
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Journalist who brought down U.S. general is killed in Los Angeles car crash
Constellation Brands Completes Debt Offering
VICTOR, N.Y., April 17, 2012 - Constellation Brands, Inc. (NYSE: STZ), the world's leading premium wine company, announced today that it has completed the sale of $600 million aggregate principal amount of 6% Senior Notes due 2022. The notes are senior obligations that rank equally with all of the company's other senior unsecured indebtedness. The notes are and will be guaranteed by subsidiaries that are guarantors under Constellation Brands' senior bank credit facility. The company expects to use the approximately $592 million in net proceeds (after estimated expenses of the offering and underwriter discounts) from the sale of the notes for general corporate purposes, which may include reducing indebtedness outstanding under the term loan portion of the company's senior bank credit facility or repurchases of common stock.
This news release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering was made only by means of a prospectus supplement and the accompanying prospectus. Copies may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, NY 10001, toll-free at 1-800-294-1322. Alternatively, the prospectus and prospectus supplement may be obtained by visiting EDGAR on the SEC website at http://www.sec.gov.
About Constellation Brands
Constellation Brands is the world's leading premium wine company, with a broad portfolio of premium products across the wine, beer and spirits categories, Constellation's brand portfolio includes Robert Mondavi, Clos du Bois, Blackstone, Arbor Mist, Estancia, Ravenswood, Ruffino, Jackson-Triggs, Inniskillin, Kim Crawford, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka.
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. 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.
| Angela Howland Blackwell - 585-678-7141|
Cheryl Gossin - 585-678-7191
Patty Yahn-Urlaub - 585-678-7483
Bob Czudak - 585-678-7170
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Constellation Brands Inc via Thomson Reuters ONE