Constellation Brands (NYSE: STZ) said it will redeem all outstanding $600 million aggregate principal amount of its 4.350% senior notes due 2027.
The Rochester, N.Y.-based beverage alcohol company said the redemption will be paid in cash on Sept. 18, 2026, at a price calculated under the formula specified in the supplemental indenture relating to the notes. The trustee under the indenture distributed a notice to holders detailing the terms and conditions of the redemption.
Constellation Brands produces and markets beer, wine and spirits, with operations in the United States, Mexico, New Zealand and Italy.