Coca-Cola has announced the pricing terms for its fixed-rate notes offering due in 2032 and 2044, with a total principal amount of €1 billion, split evenly between the two maturities. The 2032 notes have a coupon rate of 3.125% and the 2044 notes have a coupon rate of 3.500%. The notes are priced slightly below par, at 99.416% for the 2032 notes and 99.096% for the 2044 notes, and will pay interest annually starting May 14, 2025. The offering is registered with the SEC and is not contingent upon the completion of a concurrent notes offering. Coca-Cola intends to use the net proceeds for general corporate purposes, including potential payments related to its tax litigation with the IRS. The notes are expected to be listed on the New York Stock Exchange and have been rated A1 by Moody's and A+ by Standard & Poor's. The trade date is set for May 7, 2024, with settlement following on May 14, 2024. The underwriting syndicate includes Citigroup, Deutsche Bank, Merrill Lynch, and others.

Coca-Cola has announced the pricing terms for its fixed-rate notes offering due in 2032 and 2044, with a total principal amount of €1 billion, split evenly between the two maturities. The 2032 notes have a coupon rate of 3.125% and the 2044 notes have a coupon rate of 3.500%. The notes are priced slightly below par, at 99.416% for the 2032 notes and 99.096% for the 2044 notes, and will pay interest annually starting May 14, 2025. The offering is registered with the SEC and is not contingent upon the completion of a concurrent notes offering. Coca-Cola intends to use the net proceeds for general corporate purposes, including potential payments related to its tax litigation with the IRS. The notes are expected to be listed on the New York Stock Exchange and have been rated A1 by Moody's and A+ by Standard & Poor's. The trade date is set for May 7, 2024, with settlement following on May 14, 2024. The underwriting syndicate includes Citigroup, Deutsche Bank, Merrill Lynch, and others.