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GOLDEN, Colo. & MONTRÉAL, May 22, 2024--(BUSINESS WIRE)--Molson Coors Beverage Company ("Molson Coors" or the "Company") (NYSE: TAP, TAP.A, TAP 24; TSX: TPX.A, TPX.B) announced today that it has priced its previously announced public offering (the "Offering") of €800,000,000 aggregate principal amount of its 3.800% Senior Notes due 2032 (the "Notes"). The Offering is expected to close on or about May 29, 2024, subject to customary closing conditions.
After deducting underwriting discounts and estimated Offering expenses, Molson Coors expects to receive net proceeds from the Offering of approximately €793.5 million. Molson Coors intends to use the net proceeds of this Offering for general corporate purposes including the repayment of the €800.0 million notes issued on July 7, 2016 upon maturity in July 2024.
Citigroup Global Markets Limited, BofA Securities, Goldman Sachs & Co. LLC, Bank of Montreal, London Branch, J.P. Morgan Securities plc, RBC Europe Limited and Scotiabank (Ireland) Designated Activity Company are acting as joint book-running managers for the Offering.
The Offering is being made pursuant to an effective shelf registration statement (including a prospectus) (File No. 333-277183) filed with the Securities and Exchange Commission ("SEC"), which became effective upon filing. A preliminary prospectus supplement related to the Offering was filed with the SEC on May 22, 2024 and is available on the SEC’s website at www.sec.gov. A final prospectus supplement related to the Offering will be filed with the SEC. A copy of the prospectus and related preliminary prospectus supplement for the offering may be obtained by contacting: Citigroup Global Markets Limited by mail at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, United Kingdom or by telephone at 1-800-831-9146; BofA Securities by mail at 2 King Edward Street, London, EC1A 1HQ, United Kingdom or by telephone at 1-800-294-1322; Goldman Sachs & Co. LLC by mail at Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, by facsimile at 212-902-9316 or by email at Prospectus-ny@ny.email.gs.com.
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Notes or any other security, nor shall there be any sale of the Notes or any other security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.