The tender offer was funded with the proceeds of the investment-grade notes offering

Davis Polk advised the representatives of the several underwriters for an SEC-registered offering by Constellation Brands, Inc. of $550 million aggregate principal amount of its 3.600% senior notes due 2024, $600 million aggregate principal amount of its 4.350% senior notes due 2027 and $700 million aggregate principal amount of its 4.750% senior notes due 2032.

Davis Polk is also advising the dealer manager in connection with Constellation Brands’ tender offers to purchase any and all of its outstanding 3.200% senior notes due 2023 and 4.250% senior notes due 2023.

Constellation Brands is an international producer and marketer of beer, wine and spirits with operations in the United States, Mexico, New Zealand and Italy. Constellation Brands’ brand portfolio includes Corona Extra, Modelo Especial, the Robert Mondavi Brand Family, Kim Crawford, Meiomi, The Prisoner Wine Company and High West Whiskey.

The Davis Polk corporate team included partner Derek Dostal and associates Moses Farzan Nekou and Chase Belford. Partner Patrick E. Sigmon and associate Kendra Simpson provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. Partner Frank J. Azzopardi and associate Joshua Cameron Shirley provided intellectual property advice. All members of the Davis Polk team are based in the New York office.