Friday, Cott Corp. (COT,BCB.TO) said its subsidiary, Cott Beverages Inc. closed its private placement of $215 million in aggregate principal amount of 8.375% senior notes due 2017, resulting in net proceeds to Cott Beverages of approximately $206.6 million. Cott also announced that Cott Beverages accepted for purchase $236.7 million aggregate principal amount of its 8.0% senior subordinated notes due 2011 or 95.35% of the total outstanding.
Cott Beverages also received consents from holders of at least 75% in principal amount of its 8.0% Notes to adopt the proposed amendments to the 8.0% Notes. A supplemental indenture effecting the proposed amendments has been executed, but such proposed amendments will only become operative simultaneously upon the acceptance for payment of all 8.0% Notes that are validly tendered.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.