Summary by Futu AI
Coca-Cola (KO.US) has announced the issuance of a series of new notes under its prospectus supplement filed pursuant to Rule 424(b)(2) with the SEC. The offering includes $3 billion in aggregate principal amount, divided into three tranches: $1 billion of 5.000% Notes due 2034, $1.1 billion of 5.300% Notes due 2054, and $900 million of 5.400% Notes due 2064. Interest on these notes will be paid semi-annually, with the first payment starting on November 13, 2024. Coca-Cola has the option to redeem the notes at any time at the applicable redemption price. The notes, unsecured obligations of the company, will rank equally with Coca-Cola's other senior unsecured debt. The notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 thereafter. The offering is not...Show More