Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for Constellation Brands Inc. > News item |
S&P: Constellation Brands unchanged
Standard & Poor's said that there would be no effect on the ratings or outlook of Constellation Brands Inc. (BB/negative) following the announcement that it has reached an agreement to acquire the Svedka Vodka brand and related business for $384 million.
The transaction, subject to customary regulatory approvals and other closing conditions, will be financed with debt under Constellation Brands' senior credit facility and is expected to close on or about March 1, the agency said.
S&P added that the acquisition will enhance the company's premium spirits offerings and provide a platform for expansion.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.