Constellation to redeem 8 3/8% notes using proceeds of new offering

New York, Oct. 20 – Constellation Brands, Inc. said it plans to redeem its $500 million of 8 3/8% senior notes due 2014 prior to their maturity using proceeds from an offering of new notes.

Funds from the new financing, to be made up of notes due 2019 and 2024, will also be used for general corporate purposes.

The existing 8 3/8% notes are scheduled to mature on Dec. 15 of this year.

Constellation is a Victor, N.Y.-based producer and marketer of alcoholic beverages.

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