Constellation Brands Enters into $300 Million Term Loan Credit Agreement

Details

entered into a Term Loan Credit Agreement providing for a delayed draw term loan available in up to two draws in the aggregate principal amount of $300 million. The Company intends to use the proceeds for general corporate purposes, including repayment of indebtedness. The Term Loans will bear interest at Term SOFR or Base Rate plus a margin and will mature two years after the initial borrowing. The Credit Agreement also includes customary affirmative and negative covenants and events of default.

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About Constellation Brands, Inc.

Constellation Brands, Inc. is a producer and marketer of alcoholic beverages, focused on beer, wine, and spirits for consumers in key global markets. The company’s portfolio includes well-known imported and craft beer brands, complemented by premium wine labels and distilled spirits that target a range of price points and taste profiles. Constellation Brands, Inc. operates across the United States, Mexico, New Zealand, and Italy, supplying products to retailers, wholesalers, and on-premise venues such as restaurants and bars. Its diversified category presence positions the company as a significant player in the consumer beverages sector, particularly within the alcoholic drinks industry. Headquartered in Rochester, New York, and founded in 1945, Constellation Brands, Inc. plays an important role in meeting demand for branded alcoholic beverages and supporting a wide distribution network that serves both everyday consumption and special-occasion markets.