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Follow on Google News | COTT and EQ Labs Stock Update From PennyToBuck.comCott Beverages Inc., priced a private placement offering of U.S. $375 million in aggregate principal amount of 8.125% senior notes due 2018.
By: Justin Handy EQ Energy Drink is currently sold in 800 stores in 48 states. The EQ Energy drink is the only effervescent- Mr. Owens concluded, "We are extremely pleased regarding the market acceptance of our product this year. We expect these positive trends to continue and we anticipate the ability to deliver continued good news to our loyal shareholders." For complete press release: goto pennytobuck.com/? Cott Corporation announced that its wholly owned subsidiary, Cott Beverages Inc., priced a private placement offering of U.S. $375 million in aggregate principal amount of 8.125% senior notes due 2018. The New Notes will mature on September 1, 2018 and interest on the New Notes will accrue and be payable semi-annually in arrears commencing March 1, 2011 at the rate of 8.125% per annum. COT intends 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 substantially all of the assets and liabilities of Cliffstar Corporation and its affiliated companies (the "Cliffstar Acquisition") The offering of the New Notes is contingent on the completion of the Cliffstar Acquisition, the underwritten public offering of common shares and the amendment of Cott's asset based lending facility described above and dependent on market conditions. For complete press release: goto http://finance.yahoo.com/ For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://pennytobuck.com/ End
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