The US/Australian wine group, Constellation Brands, has said that it plans to issue 9.5m Class A common shares and US$150m in mandatory convertible preferred shares under its existing shelf registration.

Constellation said the funds raised from the issue would go towards repaying borrowings under the bridge loans which it incurred to finance its US$1.1 billion acquisition of the Australian wine company, BRL Hardy, in March.

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

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