Constellation Brands Inc (STZb.N)
24 Nov 2015
(The following statement was released by the rating agency) CHICAGO, November 19 (Fitch) Fitch Ratings has assigned a 'BB+/RR4' rating to Constellation Brands, Inc.'s proposed $400 million senior unsecured notes offering due 2025. The Rating Outlook is Stable. The company intends to use the net proceeds from this offering to fund a portion of the consideration for Constellation's pending acquisition of Ballast Point, which is expected to close before Dec. 31, 2015. Constellation expects to u
(The following statement was released by the rating agency) CHICAGO, November 17 (Fitch) Fitch Ratings has affirmed all of the ratings for Constellation Brands Inc. (Constellation) and its subsidiary, CIH International S.a.r.l., including the Issuer Default Ratings (IDR) at 'BB+'. The rating affirmation follows the announcement by Constellation that it has entered into a definitive agreement to acquire Home Brew Mart which includes craft beer brand, Ballast Point, for a total consideration
Constellation Brands Inc said it will buy Sculpin IPA-owner Ballast Point Brewing & Spirits for about $1 billion to enter the fast-growing craft beer market, in what will be its biggest acquisition since 2012.
* Constellation shares up 1.5 pct in afternoon trading (Adds Constellation CEO comments, details, shares)
Nov 16 Brewer Constellation Brands Inc said it will buy San Diego-based craft beer maker Ballast Point Brewing & Spirits for about $1 billion to compete in the fast-growing craft beer market.
* Shares rise 3 pct to a record high of $135.30 (Adds analyst comments, details, updates shares)
Oct 7 Constellation Brands Inc reported an 8.1 percent rise in quarterly net sales, helped by higher demand for beer under its Corona and Modelo brands.
July 1 Constellation Brands Inc reported a better-than-expected quarterly profit, helped by higher sales of its Corona and Modelo beers, and said it would buy the Meiomi wine brand for about $315 million.
July 1 Constellation Brands Inc reported a 15.4 percent rise in quarterly profit, helped by higher sales of its Corona and Modelo beers, and said it would buy the Meiomi wine brand for about $315 million.
MEXICO CITY, June 16 Alcoholic beverage maker Constellation Brands Inc said on Tuesday it is in the process of investing more than $2 billion in its Mexican operation.
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