Constellation Brands To Redeem $650 million 4.625% Senior Notes Due 2023
2013年2月16日 - 3:57AM
VICTOR, N.Y., Feb. 15, 2013 -
Constellation Brands, Inc., (NYSE: STZ and STZ.B) announced today
it will redeem its $650 million 4.625% Senior Notes due 2023. The
proceeds of these notes have been held in escrow since their
issuance, and these notes are subject to a special mandatory
redemption under certain circumstances. Based on the differences
between the original Crown Imports acquisition and the recently
announced revised agreement for Constellation's acquisition of the
complete U.S. business of Grupo Modelo, the company has determined
that the conditions for the release of proceeds cannot be
satisfied. Constellation will give notice on February 19, 2013, to
the escrow agent to release the note proceeds to the paying agent
for purposes of effecting the special mandatory redemption. As a
result, these notes will be redeemed on February 20, 2013, at a
redemption price equal to 100% of the principal amount of these
notes plus accrued and unpaid interest to but excluding February
20, 2013.
About Constellation
Brands
Constellation Brands is the world's leading
premium wine company that achieves success through an unmatched
knowledge of wine consumers, storied brands that suit varied lives
and tastes, and more than 4,400 talented employees worldwide. With
a broad portfolio of widely admired premium products across the
wine, beer and spirits categories, Constellation's brand portfolio
includes Robert Mondavi, Clos du Bois, Kim Crawford, Inniskillin,
Franciscan Estate, Mark West, Ruffino, Simi, Estancia, Corona
Extra, Black Velvet Canadian Whisky and SVEDKA Vodka.
Constellation Brands (NYSE: STZ and STZ.B) is a
S&P 500 Index and Fortune 1000® company with more than 100
brands in our portfolio, sales in about 100 countries and
operations in approximately 40 facilities. The company believes
that industry leadership involves a commitment to our brands, to
the trade, to the land, to investors and to different people around
the world who turn to our products when celebrating big moments or
enjoying quiet ones. We express this commitment through our vision:
to elevate life with every glass raised. To learn more about
Constellation, visit the company's website at www.cbrands.com.
CONTACTS |
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Bob Czudak: 585-678-7170 |
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Source: Constellation Brands Inc via Thomson Reuters
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