Molson Coors Brewing Company Announces Proposed Private Offering of Canadian Dollar-Denominated Senior Notes
in Canada
Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) (“Molson Coors”) announced today that its wholly-owned indirect subsidiary,
Molson Coors International LP, has commenced a private placement offering in Canada of Canadian dollar-denominated senior notes
(the “Notes”).
Molson Coors intends to use the net proceeds of this offering to partially fund the previously announced acquisition from
Anheuser-Busch InBev SA/NV of SABMiller plc’s interest in MillerCoors LLC and all other assets primarily related to the
Miller brand portfolio outside of the United States and Puerto Rico (the “Acquisition”), and to pay related fees and
expenses of the Acquisition. The offering is not conditioned on the closing of the Acquisition. Prior to the closing of the
Acquisition, Molson Coors intends to invest the net proceeds from this offering in U.S. government securities, short-term
certificates of deposit, cash equivalents, money market funds or other short-term investments or demand deposit accounts. In the
event that the Acquisition is not consummated, the Notes will be subject to a special mandatory redemption. Molson Coors intends to
raise additional debt financing in international markets to finance the remaining amounts necessary for the Acquisition.
The Notes have not been, and will not be, qualified for sale to the public under applicable securities laws in Canada and will
be sold only to Canadian investors in reliance on Regulation S. The Notes have not been and will not be qualified by a prospectus
under Canadian securities laws and will be subject to resale restrictions. The Notes have not been registered under the United
States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws and, unless so registered, will not
be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and applicable state securities laws.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Notes or any other
security, nor shall there be any sale of the Notes or any other security in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other
jurisdiction.
Overview of Molson Coors
Molson Coors Brewing Company is a leading global brewer delivering extraordinary brands that delight the world's beer drinkers.
It brews, markets and sells a portfolio of leading premium brands such as Coors Light, Molson Canadian, Carling, Staropramen and
Blue Moon across The Americas, Europe and Asia. It operates in Canada through Molson Coors Canada; in the US through MillerCoors;
across Europe through Molson Coors Europe; and outside these core markets through Molson Coors International. The company is the
only alcohol producer currently recognized for world class sustainability performance through the Dow Jones Sustainability Index.
It was listed on the World Index for the past four years and named global Beverage Sector Leader in 2012 and 2013. Molson Coors is
constantly looking for ways to improve its Beer Print.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on management’s current expectations. Such statements
include, without limitation, plans, projections and estimates regarding the use of proceeds from the proposed offering. Such
forward-looking statements are subject to certain risks, uncertainties and assumptions, including, without limitation, prevailing
market conditions and other factors. Should one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors
that could affect Molson Coors and its results is included in Molson Coors’s filings with the SEC, which are available at
www.sec.gov. You should not place undue reliance on forward-looking statements, which speak only as of the
date they are made. Molson Coors does not undertake to update forward-looking statements, whether as a result of new information,
future events or otherwise.
Molson Coors Brewing Company
News Media
Colin Wheeler, 303-927-2443
or
Investor Relations
Dave Dunnewald, 303-927-2334
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