CONSTELLATION BRANDS, INC. (NYSE:STZ) Files An 8-K Other Events
On July 24, 2019, Constellation Brands, Inc. (the Company) and certain subsidiary guarantors (the Guarantors) entered into an underwriting agreement (the Underwriting Agreement) with BofA Securities, Inc., Goldman Sachs & Co. LLC, 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 $800.0 million aggregate principal amount of 3.150% Senior Notes due 2029 (the Notes) for a public offering price of 99.957% of the principal amount of the notes. The purchase of the Notes by the Underwriters is scheduled to close on July 29, 2019, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 3.875% Senior Notes due 2019 in the aggregate principal amount of $400.0 million, plus a make-whole premium of approximately $1.1 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest-bearing instruments.
The Company has filed with the Securities and Exchange Commission a Prospectus dated May 2, 2017 and a Prospectus Supplement for the Notes dated July 24, 2019, each of which forms a part of the Companys Registration Statement on Form S-3 (File No. 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.
In connection with the offering of the Notes, the legal opinion as to the legality of the Notes sold is being filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01 and into the Registration Statement.
For the exhibits that are filed herewith, see the Index to Exhibits immediately following.
INDEX TO EXHIBITS
|(23.1)||Consent of McDermott Will & Emery LLP (included in the legal opinion filed as Exhibit 5.1 to this Current Report on Form 8-K).|