Recent Updates — STZ
On September 18, 2026, Constellation Brands entered into a Term Loan Credit Agreement providing for a delayed draw term loan facility with an aggregate principal amount of up to $300 million. The company intends to use proceeds for general corporate purposes, including debt repayment. Commitments terminate on the earliest of full drawdown, termination, or June 18, 2027, with maturity occurring two years after initial borrowing. Interest rates are based on Term SOFR plus a margin of 0.700% to 1.100%, or Base Rate plus 0.000% to 0.100%, depending on credit ratings. The agreement imposes financial covenants, including a minimum Consolidated Interest Coverage Ratio of 2.50:1.00 and a maximum Consolidated Net Leverage Ratio of 4.00:1.00 (step-up to 4.50:1.00 after material acquisitions). Constellation Brands operates in the beverage alcohol industry, producing and marketing beer, wine, and spirits.
Constellation Brands, Inc. announced on September 8, 2026, that it has given notice for the full redemption prior to maturity of all outstanding 4.350% Senior Notes due 2027. The redemption is scheduled to be effected on September 18, 2026. As of the announcement date, $600.0 million in aggregate principal amount of these notes remained outstanding. The company intends to fund the redemption using commercial paper borrowings and/or cash on hand. The redemption price will be calculated according to the formula specified in the supplemental indenture governing the notes. Constellation Brands is an international producer and marketer of beer, wine, and spirits.
Constellation Brands, Inc. announced its first fiscal quarter results for the period ended May 31, 2026, and declared a quarterly cash dividend of $1.03 per share of Class A Common Stock and $0.93 per share of Class 1 Convertible Common Stock. The dividend is payable on August 13, 2026, to stockholders of record as of July 30, 2026. Constellation Brands, Inc. is an alcohol beverage company that produces and markets premium beer, wine, and spirits.