Molson Coors International Completes $500M Note Offering

On October 6, 2010, Molson Coors International LP (“MCIL”), a wholly owned subsidiary of Molson Coors Brewing Company (“MCBC”) issued to purchasers in Canada by private placement $500,000,000 aggregate principal amount of 3.95 per cent Series A unsecured notes due 2017.

The notes are guaranteed by MCBC and certain of its US and Canadian subsidiaries.

The notes were sold through a syndicate of dealers co-led by Merrill Lynch Canada Inc. and TD Securities Inc. that included BMO Nesbitt Burns Inc. and Deutsche Bank Securities Limited.

The net proceeds of the offering were used to refinance a portion of their current debt and for general corporate purposes, including potential payments to fund pension obligations.

MCIL and MCBC were represented by Parth Munshi, MCBC's Senior Counsel, Disclosure & Governance and Assistant Secretary with assistance as to matters of Canadian law from Gowling Lafleur Henderson LLP, with a team that comprised Stephen McKersie (corporate); D'Arcy Doherty, Leslie Gord and Alexander Lalka (securities) and Michael Bussmann and Ash Gupta (tax). US counsel to MCIL and MCBC was Kirkland & Ellis LLP with a team that included Christian Nagler and Priya Pai (securities).

The initial purchasers were represented as to matters of Canadian law by Davies Ward Phillips & Vineberg LLP, with a team that comprised Robert Murphy, Conrad Druzeta and Natalie Renner (securities) and Ian Crosbie and Christopher Anderson (tax). Davis Polk & Wardwell LLP advised the initial purchasers as to matters of US law, with a team that included Richard Truesdell and Jason Roomer (securities).