TORONTO and TAMPA, April 5,
2017 /PRNewswire/ - Cott Corporation ("Cott")
(NYSE: COT) (TSX: BCB) announced today that its wholly
owned subsidiary, DS Services of America, Inc. (the "Issuer"), gave
notice to Wilmington Trust, National Association, the trustee (the
"Trustee") and the collateral agent under the Indenture governing
its $350,000,000 aggregate principal
amount of 10.000% Second-Priority Senior Secured Notes due 2021
(the "Notes"), of its intent to redeem $100.0 million aggregate principal amount of the
currently outstanding Notes on May 5,
2017 (the "Redemption Date").
The redemption price of the Notes, as set forth in the
Indenture, is equal to 100.000% of the principal amount of such
Notes redeemed, plus the relevant Applicable Premium (as defined in
the Indenture) as of, and accrued and unpaid interest thereon,
if any, to, but excluding, the Redemption Date.
The Issuer has instructed the Trustee to send a notice of
partial redemption in the name of the Issuer to all currently
registered holders of the Notes.
This press release is for informational purposes only and does
not constitute an offer to purchase the Notes or any other
securities.
About Cott Corporation
Cott is a diversified beverage
company with the largest volume-based national presence in the
North America and European home
and office bottled water delivery industry, a leader in custom
coffee roasting and blending of iced tea for the U.S. foodservice
industry, and one of the world's largest producers of beverages on
behalf of retailers, brand owners and distributors. Cott's platform
reaches over 2.3 million customers or delivery points across
North America and Europe supported by strategically located
sales and distribution facilities and fleets, as well as
wholesalers and distributors. This enables Cott to efficiently
service residences, businesses, restaurant chains, hotels and
motels, small and large retailers, and healthcare facilities.
Safe Harbor Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
regarding the completion of the partial redemption of the Notes.
Forward-looking statements involve inherent risks and uncertainties
and Cott cautions you that a number of important factors could
cause actual results to differ materially from those contained in
any such forward-looking statement. The forward-looking statements
are based on assumptions regarding management's current plans and
estimates. Management believes these assumptions to be reasonable
but there is no assurance that they will prove to be accurate.
Factors that could cause actual results to differ materially from
those described in this press release include those risks and
uncertainties indicated from time to time in Cott's filings with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on any forward-looking statements, which
speak only as of the date hereof. Readers are urged to carefully
review and consider the various disclosures, including but not
limited to risk factors contained in Cott's Annual Report on Form
10-K and its other periodic reports filed with the Securities and
Exchange Commission. Cott does not undertake to update or revise
any of these statements in light of new information or future
events, except as expressly required by applicable law.
SOURCE Cott Corporation