Constellation believes new agreement addresses concerns raised by DOJ in lawsuit Constellation says it has fully committed bridge financing in place to complete these acquisition activities. Says expects to invest approximately $400M over three years to expand Piedras Negras facility. Says intends to deploy free cash flow to pay down debt with an intent to get below 4x EBITDA leverage ratio within two to three years of the transaction close. Comments made on the Constellation Brands (STZ), Anheuser-Busch InBev (BUD) conference call discussing the revised agreement for complete Ddivestiture of the U.S. Business of Grupo Modelo.
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