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Coca-Cola | 8-K: Euro-Denominated Notes Offering

SEC ·  Aug 16 04:14

Summary by Futu AI

On August 15, 2024, The Coca-Cola Company successfully completed its public offering of Euro-Denominated Notes, raising a total of €1 billion. The offering included €500 million of 3.375% Notes due in 2037 and another €500 million of 3.750% Notes due in 2053. This move was in accordance with 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 cover working capital, capital expenditures, acquisitions, debt repayments, and potential payments related to tax litigation with the IRS and a contingent consideration payment for the acquisition of fairlife, LLC in 2025. The relevant indenture and global note forms were filed with the SEC and are incorporated by reference into the Form 8-K report.
On August 15, 2024, The Coca-Cola Company successfully completed its public offering of Euro-Denominated Notes, raising a total of €1 billion. The offering included €500 million of 3.375% Notes due in 2037 and another €500 million of 3.750% Notes due in 2053. This move was in accordance with 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 cover working capital, capital expenditures, acquisitions, debt repayments, and potential payments related to tax litigation with the IRS and a contingent consideration payment for the acquisition of fairlife, LLC in 2025. The relevant indenture and global note forms were filed with the SEC and are incorporated by reference into the Form 8-K report.

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