debt
confidence high
sentiment neutral
materiality 0.75
Coca-Cola Consolidated issues $1.2B in senior notes: $700M at 5.250% due 2029, $500M at 5.450% due 2034
Coca-Cola Consolidated, Inc.
- Issued $700M of 5.250% Notes due June 1, 2029 and $500M of 5.450% Notes due June 1, 2034.
- Notes are senior unsecured, rank equally with existing senior unsecured debt; structurally subordinated to subsidiary liabilities.
- Redemption before Par Call Date at Treasury rate plus premium; after Par Call Date at par plus accrued interest.
- Upon a Change of Control Triggering Event, holders may require repurchase at 101% of principal plus accrued interest.
- No trading market established; company does not intend to list the notes on any securities exchange.