DENVER & MONTREAL--(BUSINESS WIRE)--Jan. 26, 2016--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”)
announced today that it has commenced an underwritten public offering of
$2.35 billion of shares of its Class B Common Stock. In connection with
the offering, Molson Coors also intends to grant the underwriters a
30-day option to purchase up to an additional $235 million of shares of
Class B Common Stock.
Molson Coors intends to use the net proceeds of this offering to fund
the previously announced acquisition from Anheuser-Busch InBev SA/NV of
SABMiller plc’s interest in MillerCoors LLC and all other assets
primarily related to the Miller brand portfolio outside of the United
States and Puerto Rico (the “Acquisition”), and to pay related fees and
expenses of the Acquisition. The offering is not conditioned on the
closing of the Acquisition. In the event that the Acquisition is not
consummated, Molson Coors intends to use the net proceeds of this
offering for general corporate purposes, which may include share
repurchases, acquisitions or debt repayment.
UBS Investment Bank, BofA Merrill Lynch and Citigroup are acting as
joint book-running managers for the offering. BMO Capital Markets, MUFG,
RBC Capital Markets and Wells Fargo Securities are also acting as joint
book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration
statement (including a prospectus) filed with the Securities and
Exchange Commission (“SEC”), which became effective upon filing. Before
you invest, you should read the prospectus in that registration
statement and the related prospectus supplement and other documents
Molson Coors has filed or will file with the SEC for more complete
information about Molson Coors and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
A copy of the prospectus and related prospectus supplement for the
offering may be obtained by contacting: UBS Securities LLC, Attn:
Prospectus Department at 1285 Avenue of the Americas, New York, NY
10019, or by telephone at (888) 827-7275; BofA Merrill Lynch, Attn:
Prospectus Department at 222 Broadway, New York, NY 10038, or by email
at dg.prospectus_requests@baml.com;
or Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any of the Class B Common Stock or any
other security, nor shall there be any sale of the Class B Common Stock
or any other security in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or other
jurisdiction. Any offer or sale will be made only by means of a
prospectus and, to the extent applicable, a free writing prospectus
which has or will be filed with the SEC.
Overview of Molson Coors
Molson Coors Brewing Company is a leading global brewer delivering
extraordinary brands that delight the world's beer drinkers. It brews,
markets and sells a portfolio of leading premium brands such as Coors
Light, Molson Canadian, Carling, Staropramen and Blue Moon across The
Americas, Europe and Asia. It operates in Canada through Molson Coors
Canada; in the US through MillerCoors; across Europe through Molson
Coors Europe; and outside these core markets through Molson Coors
International. The company is the only alcohol producer currently
recognized for world class sustainability performance through the Dow
Jones Sustainability Index. It was listed on the World Index for the
past four years and named global Beverage Sector Leader in 2012 and
2013. Molson Coors is constantly looking for ways to improve its Beer
Print.
Special Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements that are based
on management’s current expectations. Such statements include, without
limitation, plans, projections and estimates regarding the use of
proceeds from the proposed offering. Such forward-looking
statements are subject to certain risks, uncertainties and assumptions,
including, without limitation, prevailing market conditions and other
factors. Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may
vary materially from those expected. More information about potential
risk factors that could affect Molson Coors and its results is included
in Molson Coors’s filings with the SEC, which are available at www.sec.gov.
You should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. Molson Coors does not
undertake to update forward-looking statements, whether as a result of
new information, future events or otherwise.
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Source: Molson Coors Brewing Company
Molson Coors Brewing Company
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