Constellation Brands Enters into $500 Million Term Loan Credit Agreement

Details

entered into a Term Loan Credit Agreement with Bank of America, N.A., and certain lenders. The agreement provides for a delayed draw term loan available in up to two draws in the aggregate principal amount of $500 million. The Company intends to use the proceeds for general corporate purposes, including repayment of indebtedness. The Term Loans will mature two years after the initial borrowing. The agreement also includes customary covenants and events of default.

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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.