Constellation Brands to redeem $1.2 billion 2.7%, 2.65% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, July 26 – Constellation Brands, Inc. plans to redeem all of its outstanding 2.7% senior notes (Cusp: 21036PAR9) and 2.65% senior notes (Cusp: 21036PAW8), both due 2022, according to an 8-K filing with the Securities and Exchange Commission.

There was a total of $1.2 billion of the notes outstanding on July 26. The redemption date will be Aug. 25.

The redemption price will be calculated in accordance with the indentures and will include a make-whole premium totaling around $27 million.

Constellation Brands is a Victor, N.Y.-based producer, importer and distributor of beer, wine and liquor.

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