Constellation Brands to launch around $4.1 billion facility on Tuesday

By Sara Rosenberg

New York, June 18 – Constellation Brands Inc. is scheduled to hold a bank meeting on Tuesday to launch a roughly $4,092,000,000 credit facility, according to a market source.

Bank of America Merrill Lynch is the lead bank on the deal.

The facility consists of a $1.15 billion five-year revolver, a roughly $1.27 billion five-year term loan A and a $1.43 billion five-year European term loan A, all talked at Libor plus 150 basis points, and a roughly $242 million six-year term loan A-1 talked at Libor plus 175 bps, the source said.

Proceeds will be used to refinance existing debt.

Constellation Brands is a Victor, N.Y.-based wine company.

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