DENVER & MONTREAL--(BUSINESS WIRE)--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”)
announced today that it has commenced an underwritten public offering of
euro-denominated senior notes (the “Notes”). Molson Coors previously
announced the pricing of the public offering of $5.3 billion aggregate
principal amount of its senior notes, consisting of $500 million
principal amount of 1.450% Senior Notes due 2019, $1.0 billion principal
amount of 2.100% Senior Notes due 2021, $2.0 billion principal amount of
3.000% Senior Notes due 2026 and $1.8 billion principal amount of 4.200%
Senior Notes due 2046 and the private offering by Molson Coors
International LP, a wholly-owned indirect subsidiary of Molson Coors, of
C$1 billion aggregate principal amount of its senior notes, consisting
of C$500 million principal amount of 2.840% Senior Notes due 2023 and
C$500 million principal amount of 3.440% Senior Notes due 2026, which it
expects to close on July 7, 2016, subject to customary closing
conditions (together, the “Concurrent Offerings”). The aggregate
principal amount of this offering, together with the Concurrent
Offerings, is expected to be equivalent to approximately $6.8 billion.
Molson Coors intends to use the net proceeds of this offering and
Concurrent Offerings to partially 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 or on
the closing of any of the Concurrent Offerings. Prior to the closing of
the Acquisition, Molson Coors intends to invest the net proceeds from
this offering in U.S. government securities, short-term certificates of
deposit, cash equivalents, money market funds or other short-term
investments or demand deposit accounts. In the event that the
Acquisition is not consummated, the Notes will be subject to a special
mandatory redemption.
Merrill Lynch International, Citigroup Global Markets Limited and UBS
Limited are 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 preliminary 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 preliminary prospectus supplement
for the offering may be obtained by contacting: Merrill Lynch
International by mail at c/o Merrill Lynch, Pierce, Fenner & Smith
Incorporated, 200 North College Street, NC1-004-03-43, Charlotte, NC
28255-0001, Attn: Prospectus Department, by telephone at 1-800-294-1322
or by email at dg.prospectus_requests@baml.com;
Citigroup Global Markets Limited by mail at c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at
1-800-831-9146 or by email at prospectus@citi.com;
or UBS Limited by mail at 1 Finsbury Avenue, London EC2M 2PP, United
Kingdom, Attn: Fixed Income Syndicate or by telephone at (+44) 20 7567
2477.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any of the Notes or any other security,
nor shall there be any sale of the Notes 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.
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 Concurrent
Offerings and 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