Constellation Brands, Inc: Constellation Brands Prices Offering of Senior Notes

VICTOR, N.Y., 2018-01-30 00:37 CET (GLOBE NEWSWIRE) --
Constellation Brands, Inc. (NYSE:STZ) (NYSE:STZ.B), a leading beverage alcohol
company, announced today that it priced the public offering of $1.9 billion
aggregate principal amount of Senior Notes, consisting of (i)  $600.0 million
of 3.200% Senior Notes due 2023 (the "2023 notes") for a public offering price
of 99.907% of the principal amount of the 2023 notes; (ii)  $700.0 million of
3.600% Senior Notes due 2028 (the "2028 notes") for a public offering price of
99.807% of the principal amount of the 2028 notes; and (iii)  $600.0 million of
4.100% Senior Notes due 2048 (the "2048 notes") for a public offering price of
99.656% 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 February 7, 2018. Constellation
intends to use the net proceeds from the offering to redeem prior to maturity
its outstanding 6.000% 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. The notes
are being offered only by means of a prospectus, including a prospectus
supplement, copies of which may be obtained by contacting Merrill Lynch,
Pierce, Fenner & Smith Incorporated toll-free at [phone] or emailing
[e-mail], or contacting J.P. Morgan Securities LLC
collect at [phone]. Alternatively, the prospectus and prospectus
supplement may be obtained by visiting EDGAR on the SEC website at
http://www.sec.gov. 

This announcement does not constitute an offer to sell or a solicitation of an
offer to buy notes. The notes will not be sold in any state or jurisdiction in
which such an offer, solicitation, or sale would be unlawful. 

About Constellation Brands
Constellation Brands is a leading international producer and marketer of beer,
wine and spirits with operations in the U.S., Mexico, New Zealand, Italy and
Canada. Constellation is the third-largest producer and marketer of beer for
the U.S. market and the world's leading premium wine company with a leading
market position in the U.S. Constellation's wine portfolio is complemented by
select premium spirits brands. Constellation's brand portfolio includes Corona
Extra, Corona Light, Modelo Especial, Modelo Negra, Pacifico, Ballast Point,
Robert Mondavi, Clos du Bois, Kim Crawford, Meiomi, Mark West, Franciscan
Estate, Ruffino, The Prisoner, SVEDKA Vodka, Casa Noble Tequila and High West
Whiskey. 

Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995. Statements which are not historical facts and relate to future plans,
events or performance are forward-looking statements that are based upon
management's current expectations and are subject to risks and uncertainties.
Detailed information regarding risk factors with respect to the company and the
offering are included in the company's filings with the SEC, including the
prospectus and prospectus supplement for the offering. 

CONTACTS:

Media                      Investor Relations             
Mike McGrew: 773-251-4934  Patty Yahn-Urlaub: 585-678-7483
Amy Martin: 585-678-7141   Bob Czudak: 585-678-7170