debt
confidence high
sentiment neutral
materiality 0.50
Coca-Cola launches $3B USD and €1B EUR notes offerings for general corporate purposes
COCA COLA CO
- $750M 4.65% notes due 2034, $1.5B 5.20% notes due 2055, $750M 5.40% notes due 2064 (further issuance).
- €500M 3.375% notes due 2037 and €500M 3.750% notes due 2053.
- Closings expected Aug 14 (USD) and Aug 15 (EUR) 2024, subject to customary conditions.
- Proceeds for general corporate purposes, including potential IRS tax litigation payments and fairlife contingent consideration in 2025.
- Underwriters include Barclays, BofA, Citi, Deutsche Bank, Goldman Sachs, Morgan Stanley for USD notes.