DENVER & MONTREAL--(BUSINESS WIRE)--
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”)
announced today that it has commenced an offering of euro-denominated
senior floating rate notes (the “Notes”). Molson Coors previously
announced the pricing of an offering of $1.0 billion aggregate principal
amount of its U.S. dollar-denominated senior notes, consisting of $500
million principal amount of 1.90% Senior Notes due 2019 and $500 million
principal amount of 2.25% Senior Notes due 2020, which it expects to
close on March 15, 2017, subject to customary closing conditions (the
“Concurrent Offering”). The aggregate principal amount of this offering,
together with the Concurrent Offering, is expected to be equivalent to
approximately $1.3 billion.
Molson Coors intends to use the net proceeds of this offering and the
Concurrent Offering to repay a portion of the amounts outstanding under
its term loan facility.
The Notes and the related guarantees will be offered to persons
reasonably believed to be qualified institutional buyers in accordance
with Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and to non-U.S. persons outside the United States
pursuant to Regulation S under the Securities Act. The Notes and the
related guarantees have not been registered under the Securities Act or
any state or other jurisdiction’s securities laws. Accordingly, the
Notes may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements
under the Securities Act and any applicable state or other
jurisdiction’s securities laws.
This press release is being issued pursuant to Rule 135c under the
Securities Act, and is neither an offer to sell nor a solicitation of an
offer to buy any securities and shall not constitute an offer to sell or
a solicitation of an offer to buy, or a sale of any securities in any
jurisdiction in which such offer, solicitation or sale is unlawful.
Overview of Molson Coors
With a story that starts in 1774, Molson Coors has spent centuries
defining brewing greatness. As the third largest global brewer, 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, Pilsner Urquell, Creemore Springs Premium Lager and Smith & Forge
Hard 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.
Special Note Regarding Forward-Looking
Statements
This press release includes estimates or projections that constitute
“forward-looking statements” within the meaning of the U.S. federal
securities laws. Generally, the words “believe,” “expect,” “intend,”
“anticipate,” “project,” “will,” and similar expressions identify
forward-looking statements, which generally are not historic in nature.
Although the company 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 the
company’s historical experience, and present projections and
expectations are disclosed in the company’s filings with the SEC. These
factors include, among others, our ability to successfully integrate the
acquisition of MillerCoors; our ability to achieve expected tax
benefits, accretion and cost savings and synergies; impact of increased
competition resulting from further consolidation of brewers, competitive
pricing and product pressures; health of the beer industry and our
brands in our markets; economic conditions in our markets; additional
impairment charges; our ability to maintain manufacturer/distribution
agreements; changes in our supply chain system; availability or increase
in the cost of packaging materials; success of our joint ventures; risks
relating to operations in developing and emerging markets; changes in
legal and regulatory requirements, including the regulation of
distribution systems; fluctuations in foreign currency exchange rates;
increase in the cost of commodities used in the business; the impact of
climate change and the availability and quality of water; loss or
closure of a major brewery or other key facility; our ability to
implement our strategic initiatives, including executing and realizing
cost savings; our ability to successfully integrate newly acquired
businesses; pension plan and other post retirement benefit costs;
failure to comply with debt covenants or deterioration in our credit
rating; our ability to maintain good labor relations; our ability to
maintain brand image, reputation and product quality; and other risks
discussed in our filings with the SEC, including our most recent Annual
Report on Form 10-K. 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170307005672/en/
Source: Molson Coors