Molson Coors Beverage Company (NYSE: TAP) announced it has commenced an underwritten public offering of U.S. dollar-denominated senior notes. The company expects the offering to close on or about May 27, 2026, subject to customary closing conditions.

The beverage company plans to use net proceeds from the offering for general corporate purposes, including repayment of $2.0 billion in 3.00% senior notes due in 2026.

Citigroup Global Markets Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering.

The offering is being conducted under an effective shelf registration statement filed with the Securities and Exchange Commission under file number 333-277183. The registration statement became effective upon filing.

Molson Coors produces beer brands including Coors Light, Miller Lite, Coors Banquet, and Molson Canadian, along with other alcoholic and non-alcoholic beverages. The company operates in both the United States and international markets.