CONSTELLATION BRANDS, INC. (NYSE:STZ) Files An 8-K Other EventsItem 8.01 Other Events.
On October31, 2017, Constellation Brands, Inc. (the “Company”) and certain subsidiary guarantors (the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Merrill Lynch, Pierce, Fenner& Smith Incorporated and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”) for the sale by the Company of $2.0billion aggregate principal amount of Senior Notes, consisting of (i) $600.0million of 2.000% Senior Notes due 2019 for a public offering price of 99.860% of the principal amount of such notes; (ii) $700.0million of 2.250% Senior Notes due 2020 for a public offering price of 99.804% of the principal amount of such notes; and (iii) $700.0million of 2.650% Senior Notes due 2022 for a public offering price of 99.582% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on November7, 2017, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to repay amounts outstanding under the Company’s European Term A loan facility.
The Company has filed with the Securities and Exchange Commission a Prospectus dated May2, 2017 and a Prospectus Supplement for the Notes dated October31, 2017, each of which forms a part of the Company’s Registration Statement on Form S-3 (FileNo.333-217584) (the “Registration Statement”) in connection with the public offering of the Notes. The Company is filing the item listed below as an exhibit to this Current Report on Form 8-K for the purpose of incorporating it as an exhibit to the Registration Statement.
Item 8.01 Financial Statements and Exhibits.
(d)Exhibits.
The following exhibit is filed as part of this Current Report on Form 8-K:
| ExhibitNo. | Description |
| 1.1 | Underwriting Agreement, dated October31, 2017, among the Company, the guarantors named therein, and Merrill Lynch, Pierce, Fenner& Smith Incorporated and J.P. Morgan Securities LLC, for themselves and as representatives of the several underwriters named therein. |
INDEX TO EXHIBITS
CONSTELLATION BRANDS, INC. ExhibitEX-1.1 2 d486574dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 EXECUTION VERSION Constellation Brands,…To view the full exhibit click here
About CONSTELLATION BRANDS, INC. (NYSE:STZ)
Constellation Brands, Inc. is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. It sells a number of brands in the import and craft beer categories, including Corona Extra, Corona Light, Modelo Especial, Ballast Point and others. It is a producer and marketer of wine, and sells a number of wine brands across various categories, including table wine, sparkling wine and dessert wine, and across all price points, such as popular, premium and luxury categories. Some of its wine and spirits brands sold in the United States, which comprise its U.S. Focus Brands (Focus Brands) include Meiomi, Robert Mondavi, Wild Horse and others.
