Molson Coors Beverage Company Prices its Private Offering of Canadian Dollar-Denominated Senior Notes in Canada
Molson Coors Beverage Company(TPX-A.TO, TPX-B.TO, TAP) priced its previously announced private placement offering in Canada by Molson Coors International LP, a wholly-owned indirect unit of the company, of C$500 million of 4.300% Senior Notes due 2033, it said overnight Wednesday.Closing of the offering is expected on or about May 27, subject to customary closing conditions. Proceeds will be used for general corporate needs, including the repayment of the C$500 million 3.44% Senior Notes due 2026.U.S.-listed shares of the company were last seen up 0.7% at US$43.07 in pre-market trading.