Core Viewpoint - Constellation Brands has announced the full redemption of its outstanding Senior Notes prior to maturity, indicating a strategic financial move to manage its debt obligations effectively [1][2]. Group 1: Redemption Details - The company will redeem all of its 4.75% Senior Notes due 2025 and 5.00% Senior Notes due 2026, with redemption dates set for July 2, 2025, and June 12, 2025, respectively [1]. - As of June 2, 2025, the total outstanding principal amount of the notes is $900.0 million [1]. Group 2: Company Overview - Constellation Brands is a prominent international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3]. - The company's brand portfolio includes well-known names such as Corona Extra, Modelo Especial, and Robert Mondavi Winery, among others [3].
Constellation Brands Announces Delivery of Notices of Redemption for 4.75% Senior Notes Due 2025 and 5.00% Senior Notes Due 2026