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Cott intends to price $650 million eight-year senior notes this week for bond refinancing
By Paul A. Harris
Portland, Ore., March 6 – Cott Corp. is expected to price a $650 million offering of eight-year senior notes in the middle part of the present week, according to market sources.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SunTrust Robinson Humphrey Inc., BofA Merrill Lynch and Wells Fargo Securities LLC are the joint bookrunners.
The Rule 144A and Regulation S notes come with three years of call protection.
Proceeds, along with cash on hand, will be used to repurchase any and all of the outstanding Cott Beverages Inc. 6¾% senior notes due 2020 via tender and/or redemption.
The prospective issuer is a beverage company with headquarters in Mississauga, Ont., and Tampa, Fla.
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