1. News
June 30, 2016

Deals this week: Molson Coors, Thrive Market, Trent

Molson Coors Brewing Company has priced $500m worth of senior notes due July 2019 in accordance to a public offering.

Molson Coors Brewing Company has priced $500m worth of senior notes due July 2019 in accordance to a public offering.

Bearing interest at a rate of 1.45% a year, the notes will be issued in three tranches, and interest will be paid semi-annually.

The company has also announced pricing of $1bn of 2.1% senior notes, $1.8bn of 4.2% of senior notes and $2bn of 3% senior notes, due 2021, 2046 and 2026, respectively.

US-based online retailer Thrive Market has secured $111m in Series B funding round.

"The net proceeds of $5.11m will be used for Fishing Republic’s business expansion."

The Series B round saw the participation of other investors, including e.ventures, Greycroft Partners and Cross Culture Ventures.

The funds will be used for the expansion of Thrive Market’s business expansion.

Trent, a part of Tata group, intends to issue non-convertible debentures, aggregating up to $43.99m, in a private placement.

Trent operates retail stores under the Westside brand, in addition to hypermarkets under the Star Bazaar brand.

UK-based online retailer Fishing Republic has announced private placement of an aggregate of more than ten million shares at a price of $0.47 a share.

The net proceeds of $5.11m will be used for Fishing Republic’s business expansion.

Indian online retailer Bodhi Brands (Velvetcase.com) has secured $1.5m from Uniqorn Ventures in a second round of funding.

The proceeds from the offering will be used for Velvetcase.com’s marketing initiatives and business development.