Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_English


CASTLE MALTING NEWS in partnership with www.e-malt.com
01 February, 2018



Brewing news USA: Constellation Brands prices public offering of $1.9 bln Senior Notes

Constellation Brands Inc., a leading US alcohol beverage company, said on February 1 it had priced a public offering of $1.9 billion aggregate principal amount of Senior Notes, consisting of:

(i) $600.0 million of 3.200 percent Senior Notes due 2023 (the “2023 notes”) for a public offering price of 99.907 percent of the principal amount of the 2023 notes;

(ii) $700.0 million of 3.600 percent Senior Notes due 2028 (the “2028 notes”) for a public offering price of 99.807 percent of the principal amount of the 2028 notes; and

(iii) $600.0 million of 4.100 percent Senior Notes due 2048 (the “2048 notes”) for a public offering price of 99.656 percent of the principal amount of the 2048 notes (collectively, the “notes”).

The notes will be senior obligations that rank equally with all of Constellation’s other senior unsecured indebtedness, and will be guaranteed by the subsidiaries of Constellation that are guarantors under Constellation’s senior credit facility.

Closing of the offering is expected to occur on Feb. 7. Constellation intends to use the net proceeds from the offering to redeem prior to maturity its outstanding 6.000 percent Senior Notes due 2022 in the aggregate principal amount of $600.0 million and for general corporate purposes.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC are acting as the joint book-running managers of the offering.





Back



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.     Ok     No      Privacy Policy   





(libra 0.7227 sec.)