Molson Coors prices $1.5B public offering of senior notes across two tranches

Molson Coors Beverage (TAP [https://seekingalpha.com/symbol/TAP]) has announced pricing of its public offering [https://seekingalpha.com/pr/20523746-molson-coors-beverage-company-announces-pricing-of-its-public-offering-of-united-states] of $1.5B in senior notes. This includes $500M of 4.900% senior notes due in 2031 and $1B of 5.500% senior notes due in 2036.

The offering is set to close around May 27, 2026, pending usual closing conditions.

The company plans to use the funds for general purposes, including repaying $2 billion in 3.00% senior notes due in 2026.

Citigroup, BofA Securities, and Goldman Sachs are the joint book-running managers for this offering.

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