Constellation Brands Files Routine 8-K on Jan 9 Event

TL;DR

**CBI filed a standard 8-K, nothing major to see here.**

AI Summary

Constellation Brands, Inc. filed an 8-K on January 10, 2024, reporting an event that occurred on January 9, 2024. This filing is a routine 'Other Events' disclosure, indicating no major financial or operational changes. For investors, this means there's no immediate new information that would significantly impact the stock's valuation, suggesting business as usual for the beverage giant.

Why It Matters

This filing indicates no significant new developments for Constellation Brands, suggesting stability rather than immediate catalysts or concerns for investors.

Risk Assessment

Risk Level: low — The filing is a routine 'Other Events' disclosure without specific details of a material event, indicating low immediate risk.

Analyst Insight

A smart investor would note this routine filing and await further, more detailed disclosures for any material information, as this 8-K provides no specific actionable insights.

Key Players & Entities

• CONSTELLATION BRANDS, INC. (company) — the registrant filing the 8-K
• January 9, 2024 (date) — date of the earliest event reported
• January 10, 2024 (date) — date the 8-K was filed
• 001-08495 (other) — Commission File Number for Constellation Brands, Inc.

FAQ

Key Financial Figures

• $400.0 million — iters"), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Se

Filing Documents

• d698727d8k.htm (8-K) — 27KB
• d698727dex11.htm (EX-1.1) — 157KB
• d698727dex51.htm (EX-5.1) — 8KB
• g698727dsp001.jpg (GRAPHIC) — 7KB
• 0001193125-24-006033.txt ( ) — 365KB
• stz-20240109.xsd (EX-101.SCH) — 3KB
• stz-20240109_lab.xml (EX-101.LAB) — 18KB
• stz-20240109_pre.xml (EX-101.PRE) — 11KB
• d698727d8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. On January 9, 2024, Constellation Brands, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the underwriters named therein (the "Underwriters"), for the sale by the Company of $400.0 million aggregate principal amount of 4.800% Senior Notes due 2029 for a public offering price of 99.889% of the principal amount of such notes (the "Notes"). The purchase of the Notes by the Underwriters is scheduled to close on January 11, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, funding capital expenditures, repayment of indebtedness and other business opportunities. The Company has filed with the Securities and Exchange Commission a Prospectus dated November 10, 2022, and a Prospectus Supplement for the Notes dated January 9, 2024, each of which forms a part of the Company's Registration Statement on Form S-3 (File No. 333-268289) (the "Registration Statement") in connection with the public offering of the Notes. The Company is filing the item listed below as an exhibit to this Current Report on Form 8-K for the purpose of incorporating it as an exhibit to the Registration Statement. In connection with the offering of the Notes, the legal opinion as to the legality of the Notes sold is being filed as Exhibit 5.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01 and into the Registration Statement.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit No. Description 1.1 Underwriting Agreement, dated January 9, 2024, among the Company, BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, for themselves and as representatives of the several underwriters named therein. 5.1 Opinion of McDermott Will & Emery LLP dated January 10, 2024. 23.1 Consent of McDermott Will & Emery LLP (included in the legal opinion filed as Exhibit 5.1 to this Current Report on Form 8-K). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 10, 2024 CONSTELLATION BRANDS, INC. By: /s/ Garth Hankinson Garth Hankinson Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR