Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-204450
March 1, 2016
COTT CORPORATION
BOUGHT TREASURY OFFERING OF COMMON SHARES
TERM SHEET
A final base shelf prospectus dated May 19, 2015, as amended by amendment no. 1 dated January 22, 2016, containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces of Canada (except Québec). A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document.
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.
Prospective investors should be aware that the acquisition of the Shares (as defined below) may have tax consequences both in the United States and in Canada. Such consequences for investors who are resident in, or citizens of, the United States may not be described fully in the final base shelf prospectus or any applicable shelf prospectus supplement. Prospective investors should consult their own tax advisors with respect to their particular circumstances.
Issuer: | Cott Corporation (the Company). | |
Issue: | Treasury offering (the Issue) of 11,100,000 common shares (Shares) of the Company (12,765,000 Shares if the over-allotment option is exercised in full). | |
Issue Size: | US$130,980,000 (US$150,627,000 if the over-allotment option is exercised in full). | |
Issue Price: | US$11.80 per Share (the Issue Price). | |
Over-Allotment Option: | The Company has granted the Underwriters an over-allotment option to purchase up to an additional 1,665,000 Shares exercisable, in whole or in part, at any time up until 30 days following the Closing Date (representing up to 15% of the Issue) at the Issue Price. | |
Use of Proceeds: | The Company intends to use the net proceeds of the Issue to repay a portion of the borrowings under its asset based lending facility, which may be redrawn, from time to time, to finance potential acquisitions and for general corporate purposes. | |
Form of Offering: | Public offering on a bought deal basis. The Shares will be offered: (i) in each of the provinces of Canada (excluding Québec) pursuant to a prospectus supplement under the Companys short form base shelf prospectus dated May 19, 2015, as amended by amendment no. 1 dated January 22, 2016, filed with the securities regulatory authorities in each of the provinces of Canada except Québec; (ii) in the United States pursuant to a prospectus supplement to the Companys effective shelf registration statement dated May 26, 2015, filed with the U.S. Securities and Exchange Commission (the SEC); and (iii) internationally as applicable. | |
Eligibility for Investment: | Eligible for RRSPs, RRIFs, DPSPs, RESPs, RDSPs and TFSAs. | |
Listing: | The Companys currently issued and outstanding common shares are listed on the Toronto Stock Exchange and the New York Stock Exchange under ticker symbols BCB and COT, respectively. | |
Settlement Cycle: | Delivery of the Shares will be made against payment therefor on or about March 9, 2016, which will be five business days following the date of the prospectus supplement (this settlement cycle being referred to as T+5). Under Rule 15c6-1 of the Exchange Act, trades in the secondary market are generally required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade their Shares prior to the Closing Date will be required, by virtue of the fact that the Shares initially will settle in T+5, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of Shares who wish to trade their Shares prior to the Closing Date should consult their own advisors. |
Dividends: | The Company currently pays cash dividends on a quarterly basis at the discretion of the Companys Board of Directors. As previously announced by the Company, the Companys Board of Directors has declared a dividend of US$0.06 per common share payable on March 24, 2016 (the March Dividend) to holders of record at the close of business on March 9, 2016. Since the Closing Date is expected to be March 9, 2016, the first dividend to which purchasers of Shares under the Issue (provided they continue to own such Shares at the close of business on March 9, 2016) are expected to be entitled to receive will be the March Dividend. | |
Bookrunners: | CIBC Capital Markets and Barclays Capital Canada Inc. | |
Underwriting Fee: | 4.0%. | |
Closing Date: | March 9, 2016. |
The Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. The Company will also be filing a prospectus supplement relating to this offering with the applicable securities regulatory authorities in Canada. You may obtain these documents for free by visiting EDGAR on the SEC web site at www.sec.gov or via SEDAR at www.sedar.com. Copies of the short form base shelf prospectus (including amendment no. 1) and prospectus supplement relating to this offering may be obtained, when available, from CIBC Capital Markets, toll-free: 1-800-282-0822, email: useprospectus@us.cibc.com or from Barclays Capital Canada Inc., toll-free: 1-888-603-5847, email: barclaysprospectus@broadridge.com.