UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 10, 2006
Constellation Brands, Inc.
(Exact name of Registrant as specified in its charter)
Delaware | 001-08495 | 16-0716709 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
370 Woodcliff Drive, Suite 300, Fairport, New York | 14450 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (585) 218-3600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On August 10, 2006, Constellation Brands, Inc. (the Company) and certain subsidiary guarantors (the Guarantors) entered into an underwriting agreement (the Underwriting Agreement) with Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Scotia Capital (USA) Inc. and Banc of America Securities LLC (the Underwriters) for the sale by the Company of $700.0 million aggregate principal amount of 7.25% Senior Notes due 2016 (the Notes) for a public offering price of 99.02% of the principal amount of the Notes. The offering is being made by a prospectus dated August 8, 2006 included in the Companys shelf registration statement on Form S-3 (File No. 333-136379), filed with the Securities and Exchange Commission (SEC) on August 8, 2006 (the Registration Statement), together with a prospectus supplement dated August 10, 2006 and filed with the SEC on August 11, 2006. The Underwriters will purchase the Notes from the Company at 98.02% of their principal amount.
The Notes will be issued under an Indenture as supplemented by Supplemental Indenture No. 1 to be entered into among the Company, the Guarantors and BNY Midwest Trust Company, as trustee. The offering is scheduled to close on August 15, 2006, subject to customary closing conditions. A revised form of the Indenture and the form of Supplemental Indenture No. 1 are filed herewith for incorporation into the Registration Statement as Exhibits 4.1 and 4.2.
The Underwriters and their affiliates have performed and may in the future perform various investment banking, commercial banking and advisory services for the Company from time to time for which they have received or will receive customary fees and expenses. In particular, affiliates of certain of the Underwriters are lenders under the Companys Credit Agreement (dated as of June 5, 2006), borrowings under which will be reduced with the net proceeds of the offering. The aggregate amount of debt owed to the Underwriters and their affiliates that is being repaid with the proceeds from this offering constitutes less than 10% of the proceeds of the offering.
The Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, or to contribute to payments the Underwriters may be required to make because of any of those liabilities.
The description above is a summary and is qualified in its entirety by the Underwriting Agreement, filed herewith as Exhibit 1.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(a) | Financial statements of businesses acquired. |
Not applicable.
(b) | Pro forma financial information. |
Not applicable.
(c) | Shell company transactions. |
Not applicable.
(d) | Exhibits. |
The following exhibits are filed as part of this Current Report on Form 8-K:
Exhibit No. | Description | |
1.1 | Underwriting Agreement, dated August 10, 2006, among the Company, the Guarantors, and Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Scotia Capital (USA) Inc. and Banc of America Securities LLC. | |
4.1 | Form of Indenture among the Company, as Issuer, certain subsidiaries, as Guarantors, and BNY Midwest Trust Company, as Trustee. | |
4.2 | Form of Supplemental Indenture No. 1 among the Company, as Issuer, certain subsidiaries, as Guarantors, and BNY Midwest Trust Company, as Trustee. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 14, 2006 | CONSTELLATION BRANDS, INC. | |||
By: | /s/ Thomas S. Summer | |||
Thomas S. Summer | ||||
Executive Vice President and Chief Financial Officer |
INDEX TO EXHIBITS
Exhibit No. | Description | |
(1) | UNDERWRITING AGREEMENT | |
(1.1) | Underwriting Agreement, dated August 10, 2006, among the Company, the Guarantors, and Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Scotia Capital (USA) Inc. and Banc of America Securities LLC. | |
(2) | PLAN OF ACQUISITION, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION | |
Not Applicable. | ||
(3) | ARTICLES OF INCORPORATION AND BYLAWS | |
Not Applicable. | ||
(4) | INSTRUMENTS DEFINING THE RIGHTS OF SECURITY HOLDERS, INCLUDING INDENTURES | |
(4.1) | Form of Indenture among the Company, as Issuer, certain subsidiaries, as Guarantors, and BNY Midwest Trust Company, as Trustee. | |
(4.2) | Form of Supplemental Indenture No. 1 among the Company, as Issuer, certain subsidiaries, as Guarantors, and BNY Midwest Trust Company, as Trustee. | |
(7) | CORRESPONDENCE FROM AN INDEPENDENT ACCOUNTANT REGARDING NON-RELIANCE ON A PREVIOUSLY ISSUED AUDIT REPORT OR COMPLETED INTERIM REVIEW | |
Not Applicable. | ||
(14) | CODE OF ETHICS | |
Not Applicable. | ||
(16) | LETTER RE CHANGE IN CERTIFYING ACCOUNTANT | |
Not Applicable. | ||
(17) | CORRESPONDENCE ON DEPARTURE OF DIRECTOR | |
Not Applicable. | ||
(20) | OTHER DOCUMENTS OR STATEMENTS TO SECURITY HOLDERS | |
Not Applicable. | ||
(23) | CONSENTS OF EXPERTS AND COUNSEL | |
Not Applicable. |
(24) | POWER OF ATTORNEY | |
Not Applicable. | ||
(99) | ADDITIONAL EXHIBITS | |
Not Applicable. | ||
(100) | XBRL-RELATED DOCUMENTS | |
Not Applicable. |