STZ · Constellation Brands, Inc. · Debt

On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: The 2024 notes will mature on May 9, 2024, the 2027 notes will mature on May 9, 2027, and the 2032 notes will mature on May 9, 2032, respectively.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: The 2024 notes will mature on May 9, 2024, the 2027 notes will mature on May 9, 2027, and the 2032 notes will mature on May 9, 2032, respectively.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On January 11, 2024, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 34 (the “Supplemental Indenture”), dated as of January 11, 2024, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

Issuer evidence: On January 11, 2024, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 34 (the “Supplemental Indenture”), dated as of January 11, 2024, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

Supporting evidence: Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

Supporting evidence: Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

The Notes will mature on January 15, 2029.

Issuer evidence: On January 11, 2024, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 34 (the “Supplemental Indenture”), dated as of January 11, 2024, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

Supporting evidence: Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

Supporting evidence: Under the Indenture, the Company issued $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 (the “Notes”) for a public offering price of 99.889% of the principal amount of such notes.

On May 1, 2025, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 35 (the “Supplemental Indenture”), dated as of May 1, 2025, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 (the “Notes”) for a public offering price of 99.824% of the principal amount of such notes.

Issuer evidence: On May 1, 2025, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 35 (the “Supplemental Indenture”), dated as of May 1, 2025, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 (the “Notes”) for a public offering price of 99.824% of the principal amount of such notes.

Supporting evidence: The Company will pay interest on the Notes on May 1 and November 1 of each year, commencing on November 1, 2025. The Notes will mature on May 1, 2030. The Company may redeem the Notes, in whole or in part, at its option, under the terms provided in the Supplemental Indenture. The Supplemental Indenture contains customary events of default, including: (i) default in the payment of principal of or premium, if any, on the Notes when due, (ii) default in any payment of interest on the Notes when due, continued for 30 days, (iii) failure by the Company to comply with its obligations under the Supplemental Indenture, in certain cases subject to notice and grace periods, (iv) failure by the Company to make any payment after the maturity of any indebtedness with an aggregate principal amount in excess of $200.0 million or the acceleration of such indebtedness, and such indebtedness, in either case, is not discharged or such acceleration is not cured, waived, rescinded or annulled within 30 days following receipt of the relevant notice; and (v) specified events involving bankruptcy, insolvency or reorganization of the Company. If an event of default has occurred and is continuing, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of the holders of not less than 25% in aggregate principal amount of the Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the Notes to be due and payable. The Supplemental Indenture also contains customary covenants including with respect to liens and on sale and leaseback transactions. Terms of the Indenture and the Notes are more fully described in the section entitled “Description of the Notes” of the Prospectus Supplement dated April 29, 2025, that was filed with the SEC on April 30, 2025.

Supporting evidence: On May 1, 2025, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 35 (the “Supplemental Indenture”), dated as of May 1, 2025, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 (the “Notes”) for a public offering price of 99.824% of the principal amount of such notes.

Supporting evidence: On May 1, 2025, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee (the “Trustee”), entered into Supplemental Indenture No. 35 (the “Supplemental Indenture”), dated as of May 1, 2025, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 (the “Notes”) for a public offering price of 99.824% of the principal amount of such notes.

On July 26, 2021, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 28 (the “Supplemental Indenture”), dated as of July 26, 2021, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $1.0 billion of 2.250% Senior Notes due 2031 for a public offering price of 99.555% of the principal amount of such notes (the “Notes”).

Issuer evidence: On July 26, 2021, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 28 (the “Supplemental Indenture”), dated as of July 26, 2021, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $1.0 billion of 2.250% Senior Notes due 2031 for a public offering price of 99.555% of the principal amount of such notes (the “Notes”).

Supporting evidence: The Company will pay interest on the Notes on February 1 and August 1 of each year, commencing on February 1, 2022. The Notes will mature on August 1, 2031. The Company may redeem the Notes, in whole or in part, at its option, under the terms provided in the Supplemental Indenture. The Indenture contains certain “Events of Default” (as defined in the Supplemental Indenture) customary for indentures of this type. If an Event of Default has occurred and is continuing, the Trustee or the holders of not less than 25% in aggregate principal amount of the Notes then outstanding may, and the Trustee at the request of the holders of not less than 25% in aggregate principal amount of the Notes then outstanding shall, declare all unpaid principal of, premium, if any, and accrued interest on all the Notes to be due and payable. Terms of the Indenture and the Notes are more fully described in the section entitled “Description of the Notes” of the Prospectus Supplement dated July 21, 2021, that was filed with the SEC on July 23, 2021, and the term sheet of the Notes dated July 21, 2021, that was filed as a Free Writing Prospectus with the SEC on July 21, 2021.

Supporting evidence: Under the Indenture, the Company issued $1.0 billion of 2.250% Senior Notes due 2031 for a public offering price of 99.555% of the principal amount of such notes (the “Notes”).

Supporting evidence: On July 26, 2021, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 28 (the “Supplemental Indenture”), dated as of July 26, 2021, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indenture and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued $1.0 billion of 2.250% Senior Notes due 2031 for a public offering price of 99.555% of the principal amount of such notes (the “Notes”).

On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: The 2024 notes will mature on May 9, 2024, the 2027 notes will mature on May 9, 2027, and the 2032 notes will mature on May 9, 2032, respectively.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 9, 2022, Constellation Brands, Inc. (the “Company”) and Manufacturers and Traders Trust Company, as trustee, entered into Supplemental Indenture No. 29, Supplemental Indenture No. 30, and Supplemental Indenture No. 31 (collectively, the “Supplemental Indentures”), each dated as of May 9, 2022, which supplemented the Indenture, dated as of April 17, 2012 (the “Base Indenture” and together with the Supplemental Indentures and the other prior supplemental indentures thereto, the “Indenture”). Under the Indenture, the Company issued (i) $550.0 million aggregate principal amount of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes; (ii) $600.0 million aggregate principal amount of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million aggregate principal amount of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

Issuer evidence: On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

Supporting evidence: On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

Issuer evidence: On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

Supporting evidence: On April 23, 2020, Constellation Brands, Inc. (“the Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.2 billion aggregate principal amount of Senior Notes, consisting of $600.0 million of 2.875% Senior Notes due 2030 for a public offering price of 99.801% of the principal amount of such notes and $600.0 million of 3.750% Senior Notes due 2050 for a public offering price of 99.286% of the principal amount of such notes (collectively, the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on April 27, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to redeem prior to maturity all of its outstanding 2.250% Senior Notes due 2020 in the aggregate principal amount of $700.0 million, plus a make-whole premium of approximately $6.0 million, and for general corporate purposes. Pending any such uses the Company will invest the net proceeds in short-term, interest bearing instruments.

On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Issuer evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

Supporting evidence: On May 2, 2022, Constellation Brands, Inc. (“Constellation” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $1.85 billion aggregate principal amount of Senior Notes, consisting of (i) $550.0 million of 3.60% Senior Notes due 2024 (the “2024 notes”) for a public offering price of 99.941% of the principal amount of the 2024 notes, (ii) $600.0 million of 4.35% Senior Notes due 2027 (the “2027 notes”) for a public offering price of 99.942% of the principal amount of the 2027 notes, and (iii) $700.0 million of 4.75% Senior Notes due 2032 (the “2032 notes” and, together with the 2024 notes and the 2027 notes, the “Notes”) for a public offering price of 99.638% of the principal amount of the 2032 notes.

On January 9, 2024, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 for a public offering price of 99.889% of the principal amount of such notes (the “Notes”).

Issuer evidence: On January 9, 2024, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 for a public offering price of 99.889% of the principal amount of such notes (the “Notes”).

Supporting evidence: On January 9, 2024, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 for a public offering price of 99.889% of the principal amount of such notes (the “Notes”).

Supporting evidence: On January 9, 2024, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 for a public offering price of 99.889% of the principal amount of such notes (the “Notes”).

On April 29, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 for a public offering price of 99.824% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on May 1, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper and other indebtedness, working capital, funding capital expenditures, and other business opportunities.

Issuer evidence: On April 29, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 for a public offering price of 99.824% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on May 1, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper and other indebtedness, working capital, funding capital expenditures, and other business opportunities.

Supporting evidence: On April 29, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 for a public offering price of 99.824% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on May 1, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper and other indebtedness, working capital, funding capital expenditures, and other business opportunities.

Supporting evidence: On April 29, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.800% Senior Notes due 2030 for a public offering price of 99.824% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on May 1, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including repayment of commercial paper and other indebtedness, working capital, funding capital expenditures, and other business opportunities.

On May 4, 2026, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, and Truist Securities, Inc., for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.850% Senior Notes due 2031 for a public offering price of 99.943% of the principal amount of such notes (the “Notes”).

Issuer evidence: On May 4, 2026, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, and Truist Securities, Inc., for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.850% Senior Notes due 2031 for a public offering price of 99.943% of the principal amount of such notes (the “Notes”).

Supporting evidence: The purchase of the Notes by the Underwriters is scheduled to close on May 6, 2026, subject to customary closing conditions.

Supporting evidence: On May 4, 2026, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, and Truist Securities, Inc., for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.850% Senior Notes due 2031 for a public offering price of 99.943% of the principal amount of such notes (the “Notes”).

Supporting evidence: On May 4, 2026, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, PNC Capital Markets LLC, and Truist Securities, Inc., for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.850% Senior Notes due 2031 for a public offering price of 99.943% of the principal amount of such notes (the “Notes”).

On October 15, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 for a public offering price of 99.716% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on October 17, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including to redeem all of its outstanding 4.400% Senior Notes due 2025 in the aggregate principal amount of $500 million.

Issuer evidence: On October 15, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 for a public offering price of 99.716% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on October 17, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including to redeem all of its outstanding 4.400% Senior Notes due 2025 in the aggregate principal amount of $500 million.

Supporting evidence: On October 15, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 for a public offering price of 99.716% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on October 17, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including to redeem all of its outstanding 4.400% Senior Notes due 2025 in the aggregate principal amount of $500 million.

Supporting evidence: On October 15, 2025, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BBVA Securities Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 for a public offering price of 99.716% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on October 17, 2025, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including to redeem all of its outstanding 4.400% Senior Notes due 2025 in the aggregate principal amount of $500 million.

On January 30, 2023, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 5.000% Senior Notes due 2026 for a public offering price of 99.829% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on February 2, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including the repayment of a portion of its indebtedness outstanding under the delayed draw three-year term loan facility of its term loan credit agreement, dated as of August 9, 2022, as amended on October 18, 2022.

Issuer evidence: On January 30, 2023, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 5.000% Senior Notes due 2026 for a public offering price of 99.829% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on February 2, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including the repayment of a portion of its indebtedness outstanding under the delayed draw three-year term loan facility of its term loan credit agreement, dated as of August 9, 2022, as amended on October 18, 2022.

Supporting evidence: On January 30, 2023, Constellation Brands, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC, for themselves and as representatives of the underwriters named therein (the “Underwriters”), for the sale by the Company of $500.0 million aggregate principal amount of 5.000% Senior Notes due 2026 for a public offering price of 99.829% of the principal amount of such notes (the “Notes”). The purchase of the Notes by the Underwriters is scheduled to close on February 2, 2023, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including the repayment of a portion of its indebtedness outstanding under the delayed draw three-year term loan facility of its term loan credit agreement, dated as of August 9, 2022, as amended on October 18, 2022.