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Molson Coors Canada Unit Announces Canadian Senior Notes Offering

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Molson Coors Canada (TPX-A.TO, TPX-B.TO) said Wednesday its indirect subsidiary, Molson Coors International, launched a private offering of Canadian-dollar denominated senior notes in Canada.

The offering is expected to close around May 27, pending standard closing conditions. The funds will be used for general corporate purposes, including repaying its C$500 million 3.44% senior notes due 2026, the company said.

The notes cannot be offered or sold in the United States unless they qualify for an exemption from registration requirements, according to the statement.

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