Molson Coors Announces Commencement of Exchange Offer for 1.900% Senior Notes due 2019, 2.250% Senior Notes due 2020 & Senior...
November 14 2017 - 9:00AM
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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Molson Coors Brewing CompanyNews
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303-927-2334orKevin Kim, 303-927-2515
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