We advised the initial purchasers on the offering

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering by Molson Coors Beverage Company of $500 million aggregate principal amount of its 4.900% senior notes due 2031 and $1 billion aggregate principal amount of its 5.500% senior notes due 2036. The U.S. dollar-denominated notes are guaranteed by certain subsidiaries of Molson Coors Beverage Company.Davis Polk also acted as special U.S. counsel to the several initial purchasers in connection with an unregistered offering by Molson Coors International LP of C$500 million aggregate principal amount of its 4.300% senior notes due 2033. The Canadian dollar-denominated notes are guaranteed by certain subsidiaries of Molson Coors Beverage Company.The aggregate net proceeds from the offerings were approximately $1.846 billion, which Molson Coors intends to use to for general corporate purposes, including the repayment of the $2 billion 3.00% senior notes due 2026 and the C$500 million 3.44% senior notes due 2026.

For more than two centuries, Molson Coors Beverage Company has been brewing beverages that unite people to celebrate all life’s moments. From their 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 value brands like Miller High Life and Keystone Light, they produce many beloved and iconic beers. While the company’s history is rooted in beer, they now offer a modern portfolio that expands beyond the beer aisle as well, including flavored beverages like Vizzy Hard Seltzer and Monaco, spirits and non-alcoholic beverages.

The Davis Polk capital markets team included partner Michael Kaplan and associates Fei Deng, Junie Khang and Sabrina Rodriguez. Counsel Dustin Plotnick and associate Michael Hsieh provided tax advice. Counsel Michael Comstock provided environmental advice. Partner Pritesh P. Shah and associate Bari Britvan provided intellectual property advice. All members of the Davis Polk team are based in the New York office.

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