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Coca-Cola | 424B2: Prospectus

SEC announcement ·  May 8 16:21
Summary by Moomoo AI
Coca-Cola (KO.US) has announced the issuance of a series of new notes under its prospectus supplement filed pursuant to Rule 424(b)(2) with the SEC. The offering includes $3 billion in aggregate principal amount, divided into three tranches: $1 billion of 5.000% Notes due 2034, $1.1 billion of 5.300% Notes due 2054, and $900 million of 5.400% Notes due 2064. Interest on these notes will be paid semi-annually, with the first payment starting on November 13, 2024. Coca-Cola has the option to redeem the notes at any time at the applicable redemption price. The notes, unsecured obligations of the company, will rank equally with Coca-Cola's other senior unsecured debt. The notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 thereafter. The offering is not...Show More
Coca-Cola (KO.US) has announced the issuance of a series of new notes under its prospectus supplement filed pursuant to Rule 424(b)(2) with the SEC. The offering includes $3 billion in aggregate principal amount, divided into three tranches: $1 billion of 5.000% Notes due 2034, $1.1 billion of 5.300% Notes due 2054, and $900 million of 5.400% Notes due 2064. Interest on these notes will be paid semi-annually, with the first payment starting on November 13, 2024. Coca-Cola has the option to redeem the notes at any time at the applicable redemption price. The notes, unsecured obligations of the company, will rank equally with Coca-Cola's other senior unsecured debt. The notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 thereafter. The offering is not listed on any securities exchange. The proceeds are intended for general corporate purposes, which may include working capital, capital expenditures, and potential payments related to ongoing tax litigation with the IRS. The joint book-running managers for the offering include Citigroup, Barclays, Santander, Goldman Sachs & Co. LLC, HSBC, J.P. Morgan, Morgan Stanley, Standard Chartered Bank, and Wells Fargo Securities, with several co-managers also involved. The date of the prospectus supplement is May 6, 2024.

This announcement is a separate document:

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