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News Jun 30, 2016

Shearman & Sterling Advises on Cott’s €450 Million Senior Notes Offering in Connection With Its Acquisition of Eden Springs

Shearman & Sterling represented Deutsche Bank Securities Inc., J.P. Morgan Securities plc, Wells Fargo Securities International Limited, Merrill Lynch International and SunTrust Robinson Humphrey, Inc. as joint book-running managers, in connection with a Rule 144A/Regulation S offering of €450 million aggregate principal amount of 5.50% senior notes due 2024 of Cott Finance Corporation, a wholly owned subsidiary of Cott Corporation (“Cott”), to finance Cott’s acquisition of Hydra Dutch Holdings 1 B.V. (“Eden Springs”), parent company of Eden Springs Europe B.V., a leading provider of water and coffee solutions in Europe.

Cott is one of the world’s largest producers of beverages on behalf of retailers, brand owners and distributors, and has one of the broadest distribution networks in the direct-to-consumer beverage services industry in North America. This network enables it to efficiently service residences and small and medium-size businesses, as well as national corporations, universities and government agencies.
 
The Shearman & Sterling team included partners Jason Lehner (Toronto/New York-Capital Markets), Marwa Elborai (London-Capital Markets) and Laurence Crouch (Menlo Park-Tax); counsels Kevin Roggow (Toronto-Capital Markets), Harold Halbhuber (New York-Capital Markets) and Jeffrey Salinger (New York-Environmental); and associates Jonathan Handyside (London-Capital Markets), Jon Shields (New York-Capital Markets), Michael Daly (Washington, DC-Tax), Sean Dougherty (New York-Capital Markets), Joanna Enns (Toronto-Capital Markets), Saif Alaqili (London-Capital Markets) and Brian Hurd (New York-Corporate).