Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Energy International Ltd. > News item |
Constellation Brands to partially repay U.S. term A loan via new notes
By Tali Rackner
Minneapolis, May 2 – Constellation Brands, Inc. plans to repay a portion of the outstanding debt under its U.S. term A loan with the proceeds from new senior note offerings, according to a 424B3 filing with the Securities and Exchange Commission.
The term A loan matures on July 16, 2020 and currently bears interest at Libor plus 230 basis points.
Proceeds will also be used to repay all of the company’s outstanding 7¼% senior notes due 2017.
Constellation Brands is a Victor, N.Y.-based producer, importer and distributor of beer, wine and liquor.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.