DENVER & MONTREAL--(BUSINESS WIRE)--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”)
today announced the final results of its previously announced offer to
exchange (the “Exchange Offer”) all of its outstanding 1.900% Senior
Notes due 2019, 2.250% Senior Notes due 2020 and Senior Floating Rate
Notes due 2019 (collectively, the “Original Notes”), for an equal
principal amount of its 1.900% Senior Notes due 2019, 2.250% Senior
Notes due 2020 and Senior Floating Rate Notes due 2019 (the “Euro
Exchange Notes”), as applicable, that have been registered under the
Securities Act of 1933, as amended (collectively, the “Exchange Notes”).
The Exchange Offer commenced on November 14, 2017 and expired in
accordance with its terms at 11:59 p.m., Eastern Time, on December 13,
2017.
The Bank of New York Mellon Trust Company, N.A. and The Bank of New York
Mellon, London Branch, acting as exchange agents for the Exchange Offer,
advised Molson Coors of the following results of the Exchange Offer:
-
$499,000,000 of the $500,000,000 principal amount of the outstanding
1.900% Senior Notes due 2019 (CUSIP Nos. 60871RAL4 and U60894AA7) have
been validly tendered for exchange, representing 99.80% of the
principal amount of the outstanding 1.900% Senior Notes due 2019;
-
$499,988,000 of the $500,000,000 principal amount of the outstanding
2.250% Senior Notes due 2020 (CUSIP Nos. 60871RAN0 and U60894AB5) have
been validly tendered for exchange, representing 99.99% of the
principal amount of the outstanding 2.250% Senior Notes due 2020; and
-
€461,240,000 of the €500,000,000 principal amount of the outstanding
Senior Floating Rate Notes due 2019 (ISINs: XS1577870980 and
XS1577870808) (the “Original Euro Notes”) have been validly tendered
for exchange, representing 92.25% of the principal amount of the
Original Euro Notes.
In accordance with the terms of the Exchange Offer, Molson Coors will
accept all of the Original Notes validly tendered and not withdrawn.
Molson Coors will proceed to procure the delisting of the Original Euro
Notes from the Official List of the Singapore Exchange Securities
Trading Limited (SGX-ST). The Original Euro Notes will be delisted from
the Official List of the SGX-ST with effect as of 9:00 a.m., December
22, 2017 (Singapore time).
The Euro Exchange Notes (CUSIP No. 60871R AQ3; ISIN: XS1712180477) have
been approved for listing on the New York Stock Exchange (“NYSE”), and
are expected to commence trading on the NYSE on December 20, 2017 under
the ticker symbol “TAP19A.”
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 was made only pursuant to the prospectus dated
November 14, 2017 and the related letter of transmittal, and only to
such persons and in such jurisdictions as is permitted under applicable
law.
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 World Index for the
past five 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, delisting of
the Original Euro Notes from the SGX-ST and listing of the Euro Exchange
Notes on the NYSE. 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