Constellation Brands Inc. announced yesterday that it has filed a Shelf Registration Statement with the US Securities and Exchange Commission. The registration will allow the group to issue various types of securities including debt, Class A common stock and preferred stock, from time to time, to an aggregate of US$750m.
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In a press release, Constellation’s executive vice president and CFO, 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 favourable, 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.”
