Summary
This 8-K filing by The Coca-Cola Company announces the successful completion of a significant public offering of debt securities on March 5, 2013. The company raised a total of $2.5 billion by issuing three tranches of notes: $500 million in Floating Rate Notes due 2015, $1.25 billion in 1.150% Notes due 2018, and $750 million in 2.500% Notes due 2023. This debt issuance was made under the company's existing shelf registration statement and indicates a strategic move to secure long-term financing. The proceeds will be used for general corporate purposes, reflecting the company's ongoing financial management and commitment to maintaining a strong liquidity position. Investors should note the specific terms of these new notes and their maturity dates as disclosed in the filing's exhibits.
Key Highlights
- 1Coca-Cola Company completed a public offering of debt securities on March 5, 2013.
- 2Total proceeds from the offering amounted to $2.5 billion.
- 3The offering included $500 million in Floating Rate Notes due 2015.
- 4The offering included $1.25 billion in 1.150% Notes due 2018.
- 5The offering included $750 million in 2.500% Notes due 2023.
- 6The debt issuance was conducted under the company's existing shelf registration statement.
- 7The filing includes details of the Underwriting Agreement and the governing Indenture, along with specific forms of the notes.