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CONSTELLATION BRANDS, INC.

(STZ)
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CONSTELLATION BRANDS : ANNOUNCES FULL REDEMPTION OF 2.700% SENIOR NOTES DUE 2022 AND 2.650% SENIOR NOTES DUE 2022 (Form 8-K)

07/26/2021 | 04:40pm EDT
CONSTELLATION BRANDS ANNOUNCES FULL REDEMPTION
OF 2.700% SENIOR NOTES DUE 2022 AND
2.650% SENIOR NOTES DUE 2022

VICTOR, N.Y., July 26, 2021 -Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has given notice for full redemption prior to maturity of all of its outstanding 2.700% Senior Notes due 2022 (CUSIP Number: 21036PAR9) and 2.650% Senior Notes due 2022 (CUSIP Number: 21036PAW8) (collectively, the 'notes') to be effected on August 25,2021 (the 'redemption date'). As of July 26, 2021, there were $1.2 billion in aggregate principal amount of the notes outstanding.

The redemption price for the notes, payable in cash, will be calculated pursuant to the formula set forth in the supplemental indentures relating to the notes, and will include an expected total make-whole premium of approximately $27 million.

ABOUT CONSTELLATION BRANDS
Constellation Brands is a leading international producer and marketer of beer, wine and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Constellation's brand portfolio includes Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, Pacifico, the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Statements which are not historical facts and relate to future plans, events or performance are forward-looking statements that are based upon management's current expectations and are subject to risks and uncertainties. The forward-looking statements are based on management's current expectations and should not be construed in any manner as a guarantee that such events or results will in fact occur. All forward-looking statements speak only as of the date of this news release and Constellation Brands undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Detailed information regarding risk factors with respect to the company are included in the company's filings with the SEC.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 /michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Patty Yahn-Urlaub 585-678-7483 /patty.yahn-urlaub@cbrands.com
Marisa Pepelea 312-741-2316 / marisa.pepelea@cbrands.com

Disclaimer

Constellation Brands Inc. published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 20:39:03 UTC.


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Financials (USD)
Sales 2022 8 577 M - -
Net income 2022 475 M - -
Net Debt 2022 10 255 M - -
P/E ratio 2022 83,0x
Yield 2022 1,43%
Capitalization 40 661 M 40 661 M -
EV / Sales 2022 5,94x
EV / Sales 2023 5,54x
Nbr of Employees 9 300
Free-Float 74,9%
Chart CONSTELLATION BRANDS, INC.
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Constellation Brands, Inc. Technical Analysis Chart | STZ | US21036P1084 | MarketScreener
Technical analysis trends CONSTELLATION BRANDS, INC.
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TrendsNeutralBearishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 212,62 $
Average target price 264,00 $
Spread / Average Target 24,2%
EPS Revisions
Managers and Directors
William A. Newlands President, Chief Executive Officer & Director
Garth Hankinson Chief Financial Officer & Executive Vice President
Robert S. Sands Executive Chairman
Lee Tussing Chief Information Officer & Senior Vice President
Tiffanie de Liberty Chief Compliance Officer, SVP-Wine & Spirits
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