Canada & USA: Molson Coors Brewing Company announces results of Exchange Offer
Molson Coors Brewing Company announced on December 15 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 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 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 (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with the terms of the Exchange Offer, Molson Coors will accept all of the Original Notes validly tendered and not withdrawn.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. 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 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.”
Wstecz
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