Cott Plans $525 Mln Senior Notes Offering

(RTTNews) - Cott Corp. (COT, BCB.TO) said Tuesday that its subsidiary, Cott Beverages Inc., plans to offer $525 million aggregate principal amount of senior notes due 2022.

Cott Beverages expects to use the net proceeds from the offering to repurchase any and all of its outstanding 8.125% Senior Notes due 2018 in its previously announced tender offer and consent solicitation and the redemption of any of the 2018 Notes that remain outstanding if Cott Beverages purchases less than all of the outstanding 2018 Notes in the tender offer, to repay any outstanding loans under its asset-based lending credit facility, to pay related fees and expenses and for general corporate purposes.