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Subsequent Events
12 Months Ended
Dec. 29, 2018
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On February 8, 2019, the Company sold all of the outstanding equity of Cott Beverages LLC to Refresco. The aggregate deal consideration paid at closing was $50.0 million, subject to post-closing adjustment for working capital, indebtedness and other customary items. We used the proceeds of this transaction to repay a portion of the outstanding borrowings under our ABL facility.
On February 21, 2019, the Board of Directors declared a dividend of $0.06 per common share, payable in cash on March 27, 2019 to shareowners of record at the close of business on March 12, 2019.