Constellation Brands launches $845 million repricing

By Sara Rosenberg

New York, July 28 - Constellation Brands Inc. launched its $845 million loan repricing on Wednesday, according to a market source. JPMorgan is the lead bank on the deal.

The facility consists of a $345 million 31/2-year term loan A with an interest rate of Libor plus 125 basis points and a $500 million 41/4-year term loan B with an interest rate of Libor plus 150 basis points, the source said.

Constellation is a Fairport, N.Y., producer and marketer of beverage alcohol brands.

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