share_log

Coca-Cola | 8-K: U.S. Dollar-Denominated Notes Offering

SEC announcement ·  May 14 04:22
Summary by Futu AI
On May 13, 2024, The Coca-Cola Company successfully completed a significant public offering of U.S. dollar-denominated notes, raising a total of $3 billion. The offering included $1 billion of 5.000% notes due in 2034, $1.1 billion of 5.300% notes due in 2054, and $900 million of 5.400% notes due in 2064. This offering was conducted under the company's shelf registration statement filed with the SEC on October 28, 2022. The notes were issued pursuant to an amended and restated indenture with Deutsche Bank Trust Company Americas as trustee. Coca-Cola intends to use the net proceeds for general corporate purposes, which may cover working capital, capital expenditures, acquisitions, debt repayments, and potential payments related to its 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 13, 2024, The Coca-Cola Company successfully completed a significant public offering of U.S. dollar-denominated notes, raising a total of $3 billion. The offering included $1 billion of 5.000% notes due in 2034, $1.1 billion of 5.300% notes due in 2054, and $900 million of 5.400% notes due in 2064. This offering was conducted under the company's shelf registration statement filed with the SEC on October 28, 2022. The notes were issued pursuant to an amended and restated indenture with Deutsche Bank Trust Company Americas as trustee. Coca-Cola intends to use the net proceeds for general corporate purposes, which may cover working capital, capital expenditures, acquisitions, debt repayments, and potential payments related to its 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.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.