Cott Beverages, Inc. -- Moody's assigns B3 rating to Cott's new $615 million bond issue; Outlook stable

New York, December 02, 2014 -- Moody's Investors Service today assigned a B3 rating (LGD5) to the new $615 million senior unsecured bond issue by Cott Beverages, subsidiary of Cott Corporation ("Cott"), due 2019. The B2 Corporate Family and other ratings are unchanged. The rating outlook is stable. The proceeds will be used to partially fund its acquisition of DS Services of America, Inc. ("DSSA" or "DSW") in a deal valued at approximately $1.25 billion, including the assumption of a portion of DSSA's debt. DSSA is a leading provider of water and coffee delivery services to US homes and offices. Moody's expects the transaction to close in the first quarter of fiscal 2015. Please see Moody's separate press release on DSSA issued on November 6, 2014.

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