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Coca-Cola | 424B2: Prospectus

SEC ·  Aug 10 04:20
Summary by Futu AI
Coca-Cola (KO.US) has announced the issuance of €1 billion in new notes, divided equally between two tranches: €500 million 3.375% Notes due 2037 and €500 million 3.750% Notes due 2053. The notes, unsecured obligations ranking equally with Coca-Cola's senior indebtedness, will pay interest annually beginning August 15, 2025, and are redeemable at Coca-Cola's discretion. The company intends to list the notes on the New York Stock Exchange and expects trading to commence within 30 days post-issuance. The proceeds are earmarked for general corporate purposes, which may include working capital, capital expenditures, acquisitions, and debt repayment. The offering, filed under Rule 424(b)(2) with Registration No. 333-268053, involves a prospectus supplement to the prospectus dated October 28, 2022. The notes will be issued in minimum denominations of €100,000 and multiples of €1,000 thereafter. The announcement details the underwriting discounts and the offering's legal opinions, provided by Skadden, Arps, Slate, Meagher & Flom LLP for Coca-Cola and a separate firm for the underwriters.
Coca-Cola (KO.US) has announced the issuance of €1 billion in new notes, divided equally between two tranches: €500 million 3.375% Notes due 2037 and €500 million 3.750% Notes due 2053. The notes, unsecured obligations ranking equally with Coca-Cola's senior indebtedness, will pay interest annually beginning August 15, 2025, and are redeemable at Coca-Cola's discretion. The company intends to list the notes on the New York Stock Exchange and expects trading to commence within 30 days post-issuance. The proceeds are earmarked for general corporate purposes, which may include working capital, capital expenditures, acquisitions, and debt repayment. The offering, filed under Rule 424(b)(2) with Registration No. 333-268053, involves a prospectus supplement to the prospectus dated October 28, 2022. The notes will be issued in minimum denominations of €100,000 and multiples of €1,000 thereafter. The announcement details the underwriting discounts and the offering's legal opinions, provided by Skadden, Arps, Slate, Meagher & Flom LLP for Coca-Cola and a separate firm for the underwriters.

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