15 June, 2007

USA: Coors Brewing starts $450 mil tender offer

Beermaker Coors Brewing Co., the U.S. subsidiary of Molson Coors Brewing Co., said it will start a cash tender offer to buy up to $450 million of its 6.38 percent senior notes due 2012, The Associated Press reported June 11. The offer will expire on July 10.

Separately, Molson Coors Brewing Co. said it would offer $500 million in convertible senior notes due 2013. Underwriters have the option to buy up to $75 million more notes to cover over allotments.

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