Molson Coors extends, downsizes revolver agreement to €100 million

By Tali Rackner

Norfolk, Va., Sept. 11 – Molson Coors Brewing Co. entered into a second amendment and restatement agreement to its unsecured uncommitted revolving facilities agreement on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The restated facilities agreement extends the maturity date by one year and reduces the facility commitment to €100 million from €150 million.

The amendment also decreases the variable interest rate to Euribor plus 69 basis points and adds Molson Coors Lux 2 and Molson Coors European Finance Co. as new borrowers.

All other terms and provisions are substantially the same as the terms and provisions of the original agreement.

Unicredit Bank Czech Republic and Slovakia, as and Citibank Europe plc, organizacni slozka are mandated lead arrangers and lenders and Unicredit Bank AG, London Branch is the agent.

Molson Coors is a beer brewer based in both Denver and Montreal.

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