STZ 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

STZ ▼ -9.79% at T+20d

NEUTRAL call ✗ call lost -9.79% · α vs SPY -12.93% · entry $150.10 → $135.40

Next anchor: T+60d in 7w

Last close $140.85 (close Jun 8) · -6.16% from $150.10 entry

Entry anchored
May 6, 2026
via day open

T+1d

-1.29%

call -1.29% · α -2.12%

$148.17

settled 5w ago

T+5d

-6.38%

call -6.38% · α -7.89%

$140.52

settled 28d ago

T+20d

-9.79%

call -9.79% · α -12.93%

$135.40

settled 6d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Constellation Brands issued $500M of 4.850% Senior Notes due 2031 and simultaneously announced redemption of all $600M outstanding 3.700% Senior Notes due 2026. The transactions represent a routine debt refinancing that extends maturities and slightly reduces net debt, with a modest increase in coupon rate.

Actionable Insight

Monitor upcoming earnings for updated interest expense guidance. The refinancing is neutral for equity holders and signals access to capital markets. No immediate trading catalyst.

Key Facts

Issued $500M aggregate principal of 4.850% Senior Notes due 2031 at 99.943% of par
Redeeming all $600M of 3.700% Senior Notes due 2026 (redemption date May 18, 2026)
Net debt reduction of approximately $100M
New notes mature in 2031; redeemed notes were due 2026

Financial Impact

Issued $500M of 4.850% notes and redeemed $600M of 3.700% notes, net debt reduction of ~$100M. Annual interest cost change estimated at +$2.3M (60bps on $500M net increase? Actually: old notes $600M at 3.7% = $22.2M, new notes $500M at 4.85% = $24.25M, net +$2.05M).

debtinterest expense

Risk Factors

Higher coupon expense could pressure net income marginally
No material risk disclosed

Market Snapshot

Exchange

NYSE

Sector

Beverages

Analyst Consensus

61% bullish (28 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001193125-26-209180
Document: d135889d8k.htm	0001193125-26-209180
Document: d135889dex991.htm	0001193125-26-209180
Document: 0001193125-26-209180-index-headers.html	0001193125-26-209180
Document: 0001193125-26-209180-index.html	0001193125-26-209180
Document: 0001193125-26-209180.txt	0001193125-26-209180

6 reports for STZ

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for STZ — sortable, filterable
	Type				Now
May 21, 2026 19d ago	8-K NEUTRAL ★ 2/10	$150.75 $138.74	▼ −7.97%	▼ −9.82%	$140.85 (−6.56%)
May 6, 2026 4w ago	8-K NEUTRAL ★ 2/10	$150.10 $140.52	▼ −6.38%	▼ −7.89%	$140.85 (−6.16%)
May 4, 2026 5w ago	Press Release NEUTRAL ★ 3/10	$149.74 $142.44	▼ −4.87%	▼ −6.86%	$140.85 (−5.93%)
Apr 8, 2026 8w ago	8-K BULLISH ★ 8/10	$162.81 $163.45	▲ +0.39%	▼ −2.79%	$140.85 (−13.49%)
Apr 8, 2026 8w ago	Press Release BULLISH ★ 8/10	$162.81 $163.45	▲ +0.39%	▼ −2.79%	$140.85 (−13.49%)
Mar 19, 2026 11w ago	Press Release NEUTRAL ★ 3/10	$149.59 $151.26	▲ +1.12%	▲ +3.27%	$140.85 (−5.84%)

US Market Status

Market Closed — Opens in 7h 21m

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