Constellation Completes Debt Offering

FAIRPORT, N.Y., Feb. 21 /PRNewswire/ -- Constellation Brands, Inc. (NYSE: STZ and STZ.B) announced today that it issued $200 million aggregate principal amount of 8.0% Senior Notes due 2008. The Company intends to use the net proceeds from the sale of the Senior Notes to partially fund the recently announced acquisition of the Turner Road Vintners wine business. The Senior Notes have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933, as amended.

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Constellation Brands, Inc. is a leader in the production and marketing of branded beverage alcohol products in North America and the United Kingdom and is a leading drinks wholesaler in the United Kingdom. Leading brands in Constellation's portfolio include: Franciscan Oakville Estate, Simi, Estancia, Almaden, Arbor Mist, Black Velvet, Fleischmann's, Schenley, Ten High, Stowells of Chelsea, Blackthorn and the number one imported beer, Corona Extra. SOURCE Constellation Brands, Inc.

CONTACT: Mark Maring, VP - Investor Relations of Constellation Brands, Inc., 716-218-2169/