Constellation Brands Files Shelf Registration

FAIRPORT, N.Y., Nov. 24 /PRNewswire-FirstCall/ -- Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol brands, announced today it has filed a Shelf Registration Statement with the Securities and Exchange Commission. This shelf registration will allow the Company to issue various types of securities, including debt, Class A common stock and preferred stock, from time to time, up to an aggregate of $750 million.

Constellation Brands Executive Vice President & Chief Financial Officer, Thomas Summer said, "Consistent with past practices, the Company is updating its shelf registration in order to maintain financial flexibility through efficient access to the capital markets. The shelf will allow us to refinance debt when market conditions are favorable, and longer term, support the continued growth of the Company. There are no immediate plans to issue securities under the shelf registration in connection with any acquisitions."

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This media release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Constellation Brands, Inc. is a leading international producer and marketer of beverage alcohol brands with a broad portfolio across the wine, spirits and imported beer categories. Well-known brands in Constellation's portfolio include: Corona Extra, Pacifico, St. Pauli Girl, Black Velvet, Fleischmann's, Mr. Boston, Estancia, Simi, Ravenswood, Blackstone, Banrock Station, Hardys, Nobilo, Alice White, Vendange, Almaden, Arbor Mist, Stowells and Blackthorn.

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Philippa Dworkin
585-218-3733