Cott's Unit To Offer $615 Mln Of Senior Notes Due 2019 - Quick Facts

(RTTNews) - Canadian beverage maker Cott Corp.'s (COT, BCB.TO) subsidiary, Cott Beverages Inc., plans to offer $615 million aggregate principal amount of senior notes due 2019. The notes would be fully and unconditionally guaranteed by Cott Corp. and certain of its units.

Cott Beverages expects to use the net proceeds from the offering to fund a portion of the purchase price and related fees and expenses for the previously announced and pending acquisition of DSS Group, Inc. The notes offering is likely to close concurrently with, and will be conditioned on, the closing of the DSS Acquisition.

The company intends to finance the remaining portion of the DSS Acquisition through a draw-down on its asset based lending facility as well as a private offering of preferred shares to current investors of DSS Group, Inc.