(CBrands) - Constellation Brands, Inc. (NYSE: STZ), the world's leading premium wine company, announced today that it has completed the sale of $600 million aggregate principal amount of 6% Senior Notes due 2022. The notes are senior obligations that rank equally with all of the company's other senior unsecured indebtedness. The notes are and will be guaranteed by subsidiaries that are guarantors under Constellation Brands' senior bank credit facility. The company expects to use the approximately $592 million in net proceeds (after estimated expenses of the offering and underwriter discounts) from the sale of the notes for general corporate purposes, which may include reducing indebtedness outstanding under the term loan portion of the company's senior bank credit facility or repurchases of common stock.