Summary
The Coca-Cola Company (KO) has filed an 8-K report detailing the completion of a public offering of Euro-denominated notes on May 14, 2024. The offering consists of €500,000,000 in 3.125% Notes due 2032 and €500,000,000 in 3.500% Notes due 2044. These notes were issued under the company's existing shelf registration statement, indicating a well-established framework for accessing capital markets.
Key Highlights
- 1Completion of a €1 billion Euro Notes offering, split equally between 2032 and 2044 maturities.
- 2The offering comprises 3.125% Notes due 2032 and 3.500% Notes due 2044.
- 3Proceeds are intended for general corporate purposes, including working capital, capital expenditures, acquisitions, debt repayment, and potential payments related to ongoing tax litigation.
- 4The offering utilized the company's existing shelf registration statement filed in October 2022.
- 5The notes were issued under an Amended and Restated Indenture with Deutsche Bank Trust Company Americas as trustee.
- 6The filing includes various exhibits related to the indenture and forms of the notes.