Summary by Moomoo 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.