CONSTELLATION BRANDS, INC. (NYSE:STZ) Files An 8-K Other Events
Item8.01 Other Events.
On May2, 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 $1.5billion aggregate principal amount of Senior
Notes, consisting of (i) $500.0million of 2.70% Senior Notes due
2022 for a public offering price of 99.782% of the principal
amount of such notes; (ii) $500.0million of 3.50% Senior Notes
due 2027 for a public offering price of 99.766% of the principal
amount of such notes; and (iii) $500.0million of 4.50% Senior
Notes due 2047 for a public offering price of 99.559% of the
principal amount of such notes (collectively, the Notes). The
purchase of the Notes by the Underwriters is scheduled to close
on May9, 2017, subject to customary closing conditions. The
Company intends to use the net proceeds from this offering to
repay all of its outstanding 7.250% Senior Notes due May 2017 in
the aggregate principal amount of $700million and to repay a
portion of the outstanding indebtedness under our U.S. Term A
Loan.
We have filed with the Securities and Exchange Commission a
Prospectus dated May2, 2017 and a Prospectus Supplement for the
Notes dated May2, 2017, each of which forms a part of our
Registration Statement on Form S-3 (FileNo.333-217584) (the
Registration Statement) in connection with the public offering of
the Notes. We are filing the item listed below as an exhibit to
this Current Report for the purpose of incorporating it as an
exhibit to the Registration Statement.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is filed as part of this Current Report on
Form 8-K:
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ExhibitNo. |
Description |
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| 1.1 |
Underwriting Agreement, dated May2, 2017, among the Company, the Guarantors, and Merrill Lynch, Pierce, Fenner Smith Incorporated and J.P. Morgan Securities LLC, for themselves and as representatives of the several underwriters named therein. |
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. CONSTELLATION BRANDS, INC. (NYSE:STZ) Recent Trading Information
CONSTELLATION BRANDS, INC. (NYSE:STZ) closed its last trading session down -0.84 at 173.74 with 853,608 shares trading hands.