October 17, 2017 1:25 PM ET

Beverages

Company Overview of Molson Coors Brewing Company (UK) Limited

Company Overview

Molson Coors Brewing Company (UK) Limited engages in malting, brewing, packaging, and supply of beers, ciders, wines, spirits, and soft drinks. It is also involved in the restaurant, and pension fund and healthcare trustee businesses. The company is based in Burton upon Trent, the United Kingdom. Molson Coors Brewing Company (UK) Limited operates as a subsidiary of Molson Coors Holdings Limited.

137 High Street

Burton upon Trent,  DE14 1JZ

United Kingdom

1,933 Employees

Phone:

44 12 8351 1000

Key Executives for Molson Coors Brewing Company (UK) Limited

Sales Director of COT & MOT
Compensation as of Fiscal Year 2017.

Molson Coors Brewing Company (UK) Limited Key Developments

Molson Coors Brewing Company, Molson Canada 2005, Molson Coors International LP, Molson Coors Canada Inc. and Molson Coors Brewing Company (UK) Limited Entered into a Credit Agreement for the Amount of $1.5 Billion

On July 7, 2017, Molson Coors Brewing Company entered into a Credit Agreement by and among the company, Molson Canada 2005, Molson Coors International LP, Molson Coors Canada Inc. and Molson Coors Brewing Company (UK) Limited (together with the company, the Borrowers), the lenders party thereto, Citibank, N.A., as Administrative Agent and an Issuing Bank, and Bank of America, N.A. and The Bank of Tokyo Mitsubishi UFJ, LTD., as Issuing Banks. The Credit Agreement replaces the $750,000,000 Credit Agreement, dated as of June 18, 2014, among the Borrowers, Deutsche Bank AG New York Branch, as Administrative Agent and an Issuing Bank, Deutsche Bank AG, Canada Branch, as Canadian Administrative Agent, and Bank of America, N.A., as an Issuing Bank. The Credit Agreement provides for (i) a five-year revolving credit facility of up to $1.5 billion, and (ii) the right of the Borrowers to request an increase in the credit facility by an amount not to exceed the sum of (A) $500 million and (B) such additional amounts as would not cause the Company's leverage ratio to exceed 4.00:1.00 on a pro forma basis after giving effect to such increase that is not committed by any lender. Unless terminated earlier or extended pursuant to the terms of the Credit Agreement, the Credit Agreement will mature on July 7, 2022. Loans under the Credit Agreement will bear interest, at the Borrowers' option, at a variable rate (a) for USD denominated loans, based on LIBOR or a base rate that is based on the highest of (i) a U.S. prime rate, (ii) the federal funds rate plus 0.5% and (iii) the LIBOR rate for one month plus 1% and, in the case of LIBOR loans, plus an applicable margin depending on the rating of the Company's Index Debt (as defined in the Credit Agreement), (b) for Canadian dollar denominated loans, based on the greater of (i) a Canadian prime rate and (ii) the CDOR Rate (as defined in the Credit Agreement) plus 0.5%, (c) for Canadian dollar denominated bills of exchange, based on an applicable margin based on the Index Debt rating and (d) for U.K. Pound or Euro denominated loans, based on LIBOR plus an applicable margin based on the Index Debt rating. The applicable margin ranges, in the case of LIBOR loans, from 0.875% to 1.875% per annum, depending upon the Index Debt rating.

Molson Coors Brewing Co. (UK) Ltd. Wins GBP 55 Million Multiple Awardees Contract for Supplying Beer and Cider

Molson Coors Brewing Co. (UK) Ltd. won a GBP 55 million (excluding VAT) multiple awardees contract award from TUCO Ltd. for the supply and distribution of beer and cider (Contract Award Notice No.: 2015/S 250-457354; Contract No.: ALC16 (1); Lot No.: 1).

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