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Molson Coors to help fund StarBev purchase with $1.9 billion bond sale

Molson Coors Brewing Co. (TAP) issued $1.9 billion of bonds in a three-part sale to help pay for its intended acquisition of StarBev LP of Prague. [...] The acquisition will help Molson Coors expand outside its main regions of North America and the U.K., where high unemployment and aggressive competition are weighing on growth. StarBev operates nine breweries in Central and Eastern European countries including the Czech Republic, Hungary, Romania and Bulgaria.

via Bloomberg.

 

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2 thoughts on “Molson Coors to help fund StarBev purchase with $1.9 billion bond sale

  1. $300MM issue with a 2% coupon due 5/1/2017
    $1100MM issue with a 5% coupon due 5/1/2042
    $500MM issue with a 3.5% coupon due 5/1/2022

    All three are investment grade.

  2. May as well move right out of Canada and go brew there. I buy local beer from local Craft Brewers. You are neither. Good luck.

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