Syndication began last week for the long-awaited Constellation Brands credit that funds the company's $1.3 billion acquisition of The Robert Mondavi Corp. The deal is led by J.P. Morgan and comprises a $500 million revolver, a $600 million "A" loan and a $1.8 billion "B" loan. Pricing went out at LIBOR plus 1 1/2% across the board. Constellation repriced its $345 million "A" loan to LIBOR plus 1 1/4% and $500 million "B" loan to LIBOR plus 1 1/2% last July (LMW, 8/2). A Constellation spokesman did not return calls and a J.P. Morgan spokesman declined comment. Constellation produces and markets alcohol beverages and Mondavi makes wines.