DENVER and MONTREAL, August 16, 2017 – Today, Molson Coors Brewing Company (NYSE: TAP, TSX, TPX) released its 2017 Our Beer Print Report, announcing a bold, new sustainability strategy and goals to guide the company through 2025.
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) and Hornell Brewing Co., Inc., affiliate of AriZona Beverages, announced today that they have entered into a partnership agreement whereby Molson Coors will market and distribute a new Flavored Malt Beverage (FMB) brand - Arnold Palmer Spiked Half & Half – in the United States through its US division, MillerCoors. The brand will be introduced later this year in select markets followed by a full national launch in early 2018.
Molson Coors Brewing Company today reported U.S. GAAP net income from continuing operations attributable to MCBC of $201.9 million for the first quarter, down from pro forma net income of $257.4 million a year ago.
Molson Coors announced today the pricing of its previously announced offering of €500 million aggregate principal amount of its Floating Rate Senior Notes due 2019. The Notes will bear interest at a floating rate equal to three-month EURIBOR, reset quarterly, plus 0.350% per annum. The offering is expected to close on or about March 15, 2017, subject to customary closing conditions.
Molson Coors announced today that it has commenced an offering of euro-denominated senior floating rate notes. Molson Coors previously announced the pricing of an offering of $1.0 billion aggregate principal amount of its U.S. dollar-denominated senior notes, consisting of $500 million principal amount of 1.90% Senior Notes due 2019 and $500 million principal amount of 2.25% Senior Notes due 2020, which it expects to close on March 15, 2017, subject to customary closing conditions. The aggregate principal amount of this offering, together with the Concurrent Offering, is expected to be equivalent to approximately $1.3 billion.
Molson Coors announced today that it has commenced an offering of U.S. dollar-denominated senior notes. Molson Coors intends to use the net proceeds of this offering to repay a portion of the amounts outstanding under its term loan facility.