MOLSON COORS BREWING COMPANY (NYSE:TAP) Files An 8-K Other Events
Item8.01 Other Events.
I. USD Purchase Agreement
On March6, 2017, Molson Coors Brewing Company (the
Company) and certain subsidiaries of the Company (the
Guarantors) entered into a purchase agreement (the USD
Purchase Agreement) with Citigroup Global Markets Inc.,
Merrill Lynch, Pierce, Fenner Smith Incorporated and UBS
Securities LLC, as representatives of the initial purchasers
named therein, in connection with the proposed offer and sale by
the Company of $500 million aggregate principal amount of its
1.900% Senior Notes due 2019 and $500 million aggregate principal
amount of its 2.250% Senior Notes due 2020 (collectively, the
USD Notes).
The USD Purchase Agreement contains representations by the
Company and the Guarantors and an indemnification on certain
matters in favor of the initial purchasers named therein. A copy
of the USD Purchase Agreement is filed as Exhibit99.1 to this
Form8-K and is incorporated herein by this reference.
The Company expects to issue the USD Notes on March15, 2017. A
press release relating to the launch of the offering of the USD
Notes and a press release relating to the pricing of the USD
Notes are attached hereto as Exhibits 99.2 and 99.3,
respectively, and are incorporated herein by this reference.
II. EUR Purchase Agreement
On March7, 2017, the Company and the Guarantors entered into a
purchase agreement (the EUR Purchase Agreement) with
Citigroup Global Markets Limited, Merrill Lynch International,
UBS Limited, Cooperatieve Rabobank U.A., MUFG Securities EMEA
plc, Deutsche Bank AG, London Branch, Mizuho International plc
and Wells Fargo Securities International Limited as initial
purchasers, in connection with the proposed offer and sale by the
Company of 500 million aggregate principal amount of its Floating
Rate Senior Notes due 2019 (the EUR Notes). The EUR Notes
will bear interest at a floating rate equal to three-month
EURIBOR, reset quarterly, plus 0.350% per annum.
The EUR Purchase Agreement contains representations by the
Company and the Guarantors and indemnification on certain matters
in favor of the initial purchasers named therein. A copy of the
EUR Purchase Agreement is filed as Exhibit99.4 to this Form8-K
and is incorporated herein by this reference.
The Company expects to issue the EUR Notes on March15, 2017. A
press release relating to the launch of the offering of the EUR
Notes and a press release relating to the pricing of the EUR
Notes are attached hereto as Exhibits 99.5 and 99.6,
respectively, and are incorporated herein by this reference.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
|
Description |
99.1 |
Purchase Agreement, dated as of March6, 2017, by and among |
|
99.2 |
Press Release for Launch of USD Notes Offering, dated as of |
|
99.3 |
Press Release for Pricing of USD Notes Offering, dated as |
|
99.4 |
Purchase Agreement, dated as of March7, 2017, by and among |
|
99.5 |
Press Release for Launch of EUR Notes Offering, dated as of |
|
99.6 |
Press Release for Pricing of EUR Notes Offering, dated as |
About MOLSON COORS BREWING COMPANY (NYSE:TAP)
Molson Coors Brewing Company (MCBC) is a holding company that operates as a brewer. The Company has a portfolio of brands, including Carling, Coors Light, Molson Canadian and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra and Doom Bar. The Company operates through four segments: Molson Coors Canada (MCC or Canada segment); MillerCoors LLC (MillerCoors or U.S. segment); Molson Coors Europe (Europe segment), and Molson Coors International (MCI). Its Canada segment consists of production, marketing and sales of its brands, including core brands Coors Light and the Molson brand family, as well as Carling, Coors Banquet, Rickard’s and other owned and licensed brands in Canada. Its United States segment holds interest in MillerCoors, its joint venture with SABMiller for the United States operations. Its MCI segment includes Latin America, Asia, Europe and Australia. MOLSON COORS BREWING COMPANY (NYSE:TAP) Recent Trading Information
MOLSON COORS BREWING COMPANY (NYSE:TAP) closed its last trading session down -1.24 at 96.99 with 1,546,043 shares trading hands.