Summary
The Coca-Cola Company filed an 8-K report on October 31, 2007, to disclose a significant financing transaction. On October 29, 2007, the company entered into an underwriting agreement to issue and sell $1.75 billion in aggregate principal amount of 5.350% Notes due November 15, 2017. This issuance is being conducted under the company's existing shelf registration statement filed on Form S-3. This debt issuance signifies The Coca-Cola Company's proactive approach to managing its capital structure and potentially funding future growth initiatives or refinancing existing debt. Investors should note the significant principal amount being raised, the fixed interest rate of 5.350%, and the maturity date of November 15, 2017, which provides a long-term funding source. The filing also includes the underwriting agreement and the form of the note as exhibits, providing transparency into the terms of the offering.
Key Highlights
- 1The Coca-Cola Company announced the issuance of $1.75 billion in aggregate principal amount of 5.350% Notes due November 15, 2017.
- 2The debt offering was initiated through an underwriting agreement signed on October 29, 2007, with Banc of America Securities LLC and Citigroup Global Markets Inc. acting as representatives.
- 3The notes are being issued under the company's shelf registration statement on Form S-3, filed on October 29, 2007.
- 4A prospectus supplement related to this offering was filed with the SEC on October 30, 2007.
- 5The filing includes the underwriting agreement and the form of the 5.350% Notes due November 15, 2017, as exhibits.
- 6This transaction represents a significant long-term debt issuance for the company.