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Coca-Cola | 8-K: Coca-Cola Completed €1 Billion Public Offering of 3.125% and 3.500% Notes and Collection of Recent Announcements

SEC announcement ·  May 15 04:17
Summary by Futu AI
On May 14, 2024, The Coca-Cola Company successfully completed its public offering of Euro-Denominated Notes, raising a total of €1 billion. The offering comprised €500 million of 3.125% Notes due in 2032 and another €500 million of 3.500% Notes due in 2044. This event follows the company's shelf registration statement filed with the SEC on October 28, 2022. The notes were issued under an amended and restated indenture with Deutsche Bank Trust Company Americas as trustee. Coca-Cola intends to use the proceeds for general corporate purposes, which may include capital expenditures, acquisitions, and repayment of debts. The offering could also potentially fund payments related to the company's ongoing tax litigation with the IRS. The indenture and forms of the global note for the offering have been filed with the SEC and are incorporated by reference into this report.
On May 14, 2024, The Coca-Cola Company successfully completed its public offering of Euro-Denominated Notes, raising a total of €1 billion. The offering comprised €500 million of 3.125% Notes due in 2032 and another €500 million of 3.500% Notes due in 2044. This event follows the company's shelf registration statement filed with the SEC on October 28, 2022. The notes were issued under an amended and restated indenture with Deutsche Bank Trust Company Americas as trustee. Coca-Cola intends to use the proceeds for general corporate purposes, which may include capital expenditures, acquisitions, and repayment of debts. The offering could also potentially fund payments related to the company's ongoing tax litigation with the IRS. The indenture and forms of the global note for the offering have been filed with the SEC and are incorporated by reference into this report.

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