Molson Coors €800 million notes offering
The notes are due 2032
Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Molson Coors Beverage Company of €800 million aggregate principal amount of its 3.800% senior notes due 2032. The euro-denominated notes are guaranteed by certain subsidiaries of Molson Coors Beverage Company.
For more than two centuries, Molson Coors Beverage Company has been brewing beverages that unite people to celebrate all life’s moments. From its core power brands Coors Light, Miller Lite, Coors Banquet, Molson Canadian, Carling and Ožujsko to above premium brands including Madri, Staropramen, Blue Moon Belgian White and Leinenkugel’s Summer Shandy, to economy and value brands like Miller High Life and Keystone, it produces many beloved and iconic beer brands. While Molson Coors Beverage Company’s history is rooted in beer, it now offers a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer, spirits like Five Trail whiskey and non-alcoholic beverages.
The Davis Polk capital markets team included partner Michael Kaplan and associates Robert MacKenzie and Saloni Pant. Partner Kara L. Mungovan and associates Michael Hsieh and Michelle Zhao provided tax advice. Counsel Michael Comstock provided environmental advice. Partner Pritesh P. Shah and associates Jordan Khorshad and Ben Malone provided intellectual property advice. All members of the Davis Polk team are based in the New York office.