DENVER & MONTREAL--(BUSINESS WIRE)--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”)
today announced its offer to exchange certain of its outstanding
unregistered notes for new registered notes in accordance with the terms
of its registration rights agreement with existing holders of those
notes (the “Exchange Offer”).
Under the Exchange Offer, Molson Coors is offering to exchange up to:
-
$500,000,000 in aggregate principal amount of its 1.900% Senior Notes
due 2019 (CUSIP No. 60871RAM2) (the “2019 Exchange Notes”), which have
been registered under the Securities Act of 1933, as amended (the
“Securities Act”), for an equal amount of its outstanding 1.900%
Senior Notes due 2019 (CUSIP Nos. 60871RAL4 and U60894AA7) (the
“Original 2019 Notes”);
-
$500,000,000 in aggregate principal amount of its 2.250% Senior Notes
due 2020 (CUSIP No. 60871RAP5) (the “2020 Exchange Notes” and together
with the 2019 Exchange Notes, the “Dollar Exchange Notes”), which have
been registered under the Securities Act, for an equal amount of its
outstanding 2.250% Senior Notes due 2020 (CUSIP Nos. 60871RAN0 and
U60894AB5) (the “Original 2020 Notes” and, together with the Original
2019 Notes, the “Original Dollar Notes”); and
-
€500,000,000 in aggregate principal amount of its Senior Floating Rate
Notes due 2019 (ISIN: XS1712180477) (the “Euro Exchange Notes” and,
together with the Dollar Exchange Notes, the “Exchange Notes”), which
have been registered under the Securities Act, for an equal amount of
its outstanding Senior Floating Rate Notes due 2019 (ISINs:
XS1577870980 and XS1577870808) (the “Original Euro Notes”).
The Exchange Offer will expire at 11:59 p.m., New York time, on December
13, 2017, unless extended. The Exchange Offer is made only pursuant to a
prospectus dated November 14, 2017, which has been filed with the
Securities and Exchange Commission (the “SEC”). Molson Coors has not
authorized any person to provide information other than as set forth in
the prospectus.
The Original Dollar Notes are not listed on any exchange or market, and
we do not intend to apply for listing of the Dollar Exchange Notes on
any exchange or market. The Original Euro Notes are listed on the
Official List of the Singapore Exchange Securities Trading Limited (the
“SGX-ST”). However, Molson Coors intends to delist the Original Euro
Notes from the Official List of the SGX-ST on December 22, 2017
(Singapore time), unless the Exchange Offer is extended. Molson Coors
also intends to list the Euro Exchange Notes on the New York Stock
Exchange. There can be no assurance that the Euro Exchange Notes will be
accepted for listing on the New York Stock Exchange.
Copies of the prospectus and other materials governing the Exchange
Offer can be obtained from the exchange agents for the Exchange Offer.
The exchange agent for the Dollar Exchange Notes is The Bank of New York
Mellon Trust Company, N.A., c/o The Bank of New York Mellon, Corporate
Trust Operations-Reorganization Unit, 111 Sanders Creek Parkway, East
Syracuse, NY 13057, Attn: Eric Herr, Email: CT_REORG_UNIT_INQUIRIES@bnymellon.com,
Tel: 315-414-3362, Fax: 732-667-9408. The exchange agent for the Euro
Exchange Notes is The Bank of New York Mellon, London Branch, One Canada
Square, London E14 5AL, United Kingdom, Attention: Debt Restructuring
Services, Email: debtrestructuring@bnymellon.com,
Tel: +44 1202 689 644.
This press release is for informational purposes only and is neither an
offer to exchange, nor a solicitation of an offer to sell, the Exchange
Notes. The Exchange Offer is not being made to holders in any
jurisdiction in which the making or acceptance thereof would not be in
compliance with the securities, blue sky, or other laws of such
jurisdiction.
About Molson Coors Brewing Company
With a story that starts in 1774, Molson Coors has spent centuries
defining brewing greatness. As one of the largest global brewers, Molson
Coors works to deliver extraordinary brands that delight the world’s
beer drinkers. From Coors Light, Miller Lite, Carling, Staropramen and
Sharp’s Doom Bar to Leinenkugel’s Summer Shandy, Blue Moon Belgian
White, Hop Valley, Creemore Springs Premium Lager and Crispin Cider,
Molson Coors offers a beer for every beer lover.
Molson Coors operates through Molson Coors Canada, MillerCoors, Molson
Coors Europe and Molson Coors International. The company is not only
committed to brewing extraordinary beers, but also running a business
focused on respect for its employees, communities and drinkers, which
means corporate responsibility and accountability right from the start.
It has been listed on the Dow Jones Sustainability North American Index
for the past seven years. To learn more about Molson Coors Brewing
Company, visit molsoncoors.com, ourbeerprint.com or on Twitter through
@MolsonCoors.
Forward-Looking Statements
This press release includes “forward-looking statements” within the
meaning of the U.S. federal securities laws. Generally, the words
“aspire,” “goals,” “aims,” “believe,” “expect,” “intend,” “anticipate,”
“project,” “will,” and similar expressions identify forward-looking
statements, which generally are not historic in nature. Forward-looking
statements include those relating to the Exchange Offer and listing of
the Euro Exchange Notes. Although Molson Coors believes that the
assumptions upon which its forward-looking statements are based are
reasonable, it can give no assurance that these assumptions will prove
to be correct. Important factors that could cause actual results to
differ materially from Molson Coors’ projections and expectations are
disclosed in Molson Coors’ filings with the SEC. All forward-looking
statements in this press release are expressly qualified by such
cautionary statements and by reference to the underlying assumptions.
You should not place undue reliance on forward-looking statements, which
speak only as of the date they are made. We do 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