debt
confidence high
sentiment neutral
materiality 0.55
Coca-Cola raises $3B in USD notes and €1B in Euro notes across six tranches
COCA COLA CO
- Issues $1B of 5.000% notes due 2034, $1.1B of 5.300% notes due 2054, $900M of 5.400% notes due 2064.
- Issues €500M of 3.125% notes due 2032 and €500M of 3.500% notes due 2044.
- Offerings expected to close May 13 (USD) and May 14 (Euro) 2024, subject to customary conditions.
- Proceeds for general corporate purposes, including potential payments in ongoing IRS tax litigation.