STZ

#567
Constellation Brands, Inc. Common Stock
129.0 9 USD
0.00%
Market Price
Sektor: Konjunkturunabhängige Konsumgüter
Basis: USD
Gewinnwährung: USD
Tagesspanne
128.50
129.71
Jahresspanne
126.45
168.60
Tagesänderung
-0.22%
Monatliche Änderung
-1.91%
6 month change
-14.19%
Jahresänderung
-11.72%
Vorheriger Schlusskurs
129.3 7
Open
129.2 8
Tief
128.5 0
Hoch
129.7 1
Volumen
927
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, Q3 FY2026
CONSTELLATION BRANDS, INC. current report, Q3 FY2026
8-K
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2027
CONSTELLATION BRANDS, INC. quarterly report, Q1 FY2027
10-Q
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
CONSTELLATION BRANDS, INC. current report, Q2 FY2026
8-K
Annual report, FY2026
CONSTELLATION BRANDS, INC. annual report, FY2026
10-K
Current report, Q1 FY2026
CONSTELLATION BRANDS, INC. current report, Q1 FY2026
8-K

CONSTELLATION BRANDS, INC. current report, Q2 FY2022

Full document

Business Context and Reporting Period

Company: Constellation Brands, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 2, 2022
Event: The Company entered into an underwriting agreement for the sale of $1.85 billion in aggregate principal amount of Senior Notes.

Key Financial Metrics and Transaction Details

This filing details a debt refinancing transaction rather than operational financial results. Key metrics include:

  • Total New Debt Issued: $1.85 billion aggregate principal amount.
  • Debt Structure:
    • $550.0 million of 3.60% Senior Notes due 2024 (offered at 99.941% of principal).
    • $600.0 million of 4.35% Senior Notes due 2027 (offered at 99.942% of principal).
    • $700.0 million of 4.75% Senior Notes due 2032 (offered at 99.638% of principal).
  • Underwriters: BofA Securities, Inc., Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC.
  • Closing Date: Scheduled for May 9, 2022.

Material Changes and Use of Proceeds

The primary material change is the issuance of new long-term debt to refinance existing obligations. The Company intends to use the net proceeds to fund concurrent cash tender offers for outstanding 2023 notes:

  • Target Debt for Refinancing:
    • 3.20% Senior Notes due 2023 ($600.0 million outstanding).
    • 4.25% Senior Notes due 2023 ($1,050.0 million outstanding).
  • Redemption Plan: Any 2023 notes remaining after the tender offers will be redeemed prior to maturity.
  • Contingent Use: If proceeds exceed the amount needed for the tender offers and redemptions, funds will be used for general corporate purposes, working capital, capital expenditures, debt retirement, or other business opportunities.

Guidance, Outlook, and Risks

Management Commentary: The filing indicates a strategic move to extend the maturity profile of the Company's debt by replacing 2023 maturities with notes due in 2024, 2027, and 2032.
Risks and Contingencies: The transaction is subject to customary closing conditions. The use of proceeds for general corporate purposes is contingent upon the tender offers and redemptions not consuming the full net proceeds.

Investor Verification Checklist

  • Verify the final closing of the $1.85 billion note offering on or around May 9, 2022.
  • Confirm the acceptance rates of the cash tender offers for the 3.20% and 4.25% Senior Notes due 2023.
  • Review the Prospectus Supplement dated May 2, 2022, for detailed terms and risk factors associated with the new Notes.
  • Monitor subsequent filings for the actual redemption of any remaining 2023 notes not tendered.

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