Constellation Brands Announces $400M Senior Notes Offering

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announced the sale of $400 million aggregate principal amount of 4.800% Senior Notes due 2029. The Underwriting Agreement was entered with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The closing of the purchase by the Underwriters is scheduled for January 11, 2024. The Company intends to use the net proceeds for general corporate purposes, including working capital, funding capital expenditures, and repayment of indebtedness. The legal opinion on the legality of the Notes is filed as Exhibit 5.1.

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About Constellation Brands, Inc.

Constellation Brands, Inc. is a leading international producer and marketer of beer, wine, and spirits. The company is renowned for its diverse portfolio, which includes premium labels such as Corona, Modelo, and Pacifico in its beer division, as well as high-end wines like Robert Mondavi and premium spirits. Headquartered in Victor, New York, Constellation Brands operates in various international markets, emphasizing strong growth in the beverage alcohol industry. This company primarily serves retailers, distributors, and domestic and global consumers, significantly influencing the beverage sector. Constellation Brands’ strategic acquisitions and investments in emerging market trends, such as the burgeoning premium wine segment and craft spirits movement, highlight its commitment to diversifying its offerings. Through innovation and strategic partnerships, Constellation Brands maintains a robust market position by capitalizing on consumer preferences and expanding its global footprint. This dynamic approach underscores its importance in shaping trends and meeting the evolving demands in the beverage alcohol industry, enhancing its substantial role in the broader financial market landscape.