Molson Amends and Redeems $200M Floating Rate MTNs

On February 8, 2005, Molson Inc., now a wholly-owned indirect subsidiary of Molson Coors Brewing Co., through the distribution of a consent request circular, requested consents from holders of its $200 million floating rate medium term notes to amend the terms of the notes to permit the company to redeem the notes prior to maturity at a preset price, which was set to compensate noteholders for their consent to the amendment and early redemption of the notes. By February 21, 2005, the requisite consents from holders of 66.67 per cent of the outstanding principal amount of the notes were obtained and on March 2, 2005 the notes were redeemed. RBC Capital Markets acted as the dealer manager in the consent request and redemption of the notes.

Molson Inc. was represented in-house by Marie Giguère, Kelly Leigh Brown and Nathalie Delisle, and assisted by McCarthy Tétrault LLP with a team that included Lorna Telfer, Patrick Boucher and Arman Kuyumjian (corporate and securities) and Claude Desaulniers and Ylang Ha (tax), and by Scott Horner (financial services) and Elaine Marchand (tax) of Osler, Hoskin & Harcourt LLP.