CONSTELLATION BRANDS, INC. 8-K

What Happened
Constellation Brands, Inc. announced on May 6, 2026 that it has given notice for the full redemption prior to maturity of all outstanding 3.700% Senior Notes due 2026. On the same date the company entered into Supplemental Indenture No. 37 and issued $500.0 million aggregate principal amount of 4.850% Senior Notes due May 6, 2031 (priced at 99.943% of principal). The new notes pay interest semiannually on May 6 and November 6, beginning November 6, 2026.

Key Details

• Redemption notice and supplemental indenture dated May 6, 2026.
• Full redemption of all outstanding 3.700% Senior Notes due 2026 (notice given May 6, 2026).
• Issued $500.0 million of 4.850% Senior Notes due May 6, 2031; public offering price 99.943%.
• Interest payable May 6 and November 6 each year, commencing November 6, 2026; supplemental indenture contains customary covenants and events of default (holders of ≥25% can seek acceleration).

Why It Matters
Factually, Constellation is replacing (by redemption) near-term debt due in 2026 with a new $500M issue maturing in 2031, changing the company’s debt maturity profile and interest obligations. Investors should note the coupon (4.85%), the principal amount ($500M) and the timing (matures 2031), and monitor company disclosures for details on the redemption price, funding sources and any impact on liquidity or leverage. Keywords: debt, senior notes, redemption, maturity, interest rate, indenture.