Molson Coors Announces Completion of $1.9B Debt Offering to Support StarBev Acquisition; Expects to Accretive to Earnings

Molson Coors Brewing Company

today announced that it has completed an offering of debt securities totaling $1.9 billion, the proceeds of which will be used to finance its acquisition of Central and Eastern European brewer StarBev L.P., as previously announced on April 3, 2012. “We are very pleased with the pricing and terms of these financing transactions, which were swiftly executed and consistent with our previously outlined expectations and timetable,” said Stewart Glendinning, Chief Financial Officer of Molson Coors. “The acquisition of StarBev will provide Molson Coors with a strong platform for future profitable growth in attractive markets. We expect the transaction to be accretive to earnings in the first full year of operations and offers substantial long-term value creation opportunities to our shareholders.” The Company issued $300 million of 2.00% senior notes due 2017, $500 million of 3.50% senior notes due 2022, and $1.1 billion of 5.00% senior notes due 2042.