E-Malt.com News article: Canada: Molson Coors Brewing Company announces new senior notes private placement

Molson Coors Brewing Company announced on September 12 that one of its indirect wholly-owned subsidiaries, Molson Coors Capital Finance ULC, intends to privately place senior notes due 2010 and 2015. The notes are expected to be guaranteed by Molson Coors Brewing Company, Coors Brewing Company and certain other United States subsidiaries of Molson Coors Brewing Company.

The net proceeds from the private placement are expected to be used to repay borrowings under a credit facility in which Molson Coors Brewing Company, Coors Brewing Company and Molson Coors Capital Finance ULC are borrowers. There is approximately U.S. $1 billion in borrowings outstanding under the credit facility.

The majority of the notes will be sold in Canada to accredited investors in compliance with Regulation S under the U.S. Securities Act of 1933, as amended, and a portion of the notes will be sold in the United States only to qualified institutional buyers in reliance on Rule 144A. The proposed issuance of the notes will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in absence of a registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of securities mentioned in this press release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The private placement is expected to be consummated in September 2005, subject to market and other customary conditions. There can be no assurances that the private placement will be consummated.

Molson Coors Brewing Company is the fifth largest brewer in the world. It sells its products in North America, Europe, Latin America and Asia. Molson Coors is the leading brewer in Canada, the second largest in the U.K, and the third largest brewer in the U.S.


13 September, 2005