CONSTELLATION BRANDS, INC. : Regulation FD Disclosure, Other Events (form 8-K)

Item 7.01 Regulation FD Disclosure.

On January 12, 2021, Constellation Brands, Inc. ("Constellation") issued a news release announcing that it has completed the sale of its Paul Masson Grande Amber Brandy brand, related inventory and interests in certain contracts to Sazerac. A copy of the release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

References to Constellation's website and/or other social media sites or platforms in the release do not incorporate by reference the information on such websites, social media sites or platforms into this Current Report on Form 8-K, and Constellation disclaims any such incorporation by reference. The information in the news release attached as Exhibit 99.1 is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.

Item 8.01 Other Events.

On January 12, 2021, Constellation completed the sale of its Paul Masson Grande Amber Brandy brand, related inventory and interests in certain contracts to Sazerac Investments, LLC. Constellation received cash proceeds of approximately $265 million, subject to certain post-closing adjustments.

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