US: Coca-Cola Co readies US$2.5bn note pricing

By | 1 March 2013

The Coca-Cola Co will close the note offer next week

The Coca-Cola Co will close the note offer next week

The Coca-Cola Co has lined up the issue of US$2.5bn-worth of notes to help fund the redemption of three sets of notes in the next two years.

The company, which late last week bought up more of UK smoothie maker Innocent, released the pricings late yesterday (28 February). The three tranches comprise:

  • $500m of floating rate notes due 2015
  • $1.25bn of 1.15% notes due 2018, and
  • $750m of 2.50% notes due 2023

The transaction, which should close on 5 March, will cover the payments of three other sets of notes:

  • 5% notes due later this year
  • 7.375% notes due in 2014, and
  • 4.25% notes due in 2015

Any remaining funds from the new notes will go towards “general corporate purposes”, Coca-Cola said.

Expert analysis

The Coca-Cola Company - SWOT, Strategy and Corporate Finance Report

The Coca-Cola Company - SWOT, Strategy and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service offerings, detailed financials, and corporate actions, providing a 360° view of the company.

Sectors: Soft drinks, Water

Companies: Coca-Cola Co, Innocent

There are currently no comments on this article

Be the first to comment on this article

Related research

Coca-Cola Co, The in Soft Drinks (USA)

The company is looking to solidify its position as the top US soft drinks manufacturer by broadening its portfolio of non-carbonates offerings through deals like purchasing VitaminWater maker Glacéau in 2007, acquiring a minority stake in coconut wat...

The Coca-Cola Co in Health and Wellness (World)

The Coca-Cola Co (TCCC) is the leading player in both soft drinks and in HW soft drinks. The company’s strength is based on its diversity of category presence from HW carbonates to RTD tea and bottled water. This allows the company to benefit from va...

Coca-Cola Co, The in Soft Drinks (World)

The Coca-Cola Company slightly underperformed the world’s soft drinks market amid the recession in Western Europe and slow economic recovery in the US. It is actively expanding in low calorie carbonates to retain consumers and widening the use of nat...

Related articles

just the Round-Up - The week in drinks

The top ten stories published on just-drinks this week:

US: Coca-Cola speaks out over Olympics gay protest

The Coca-Cola Co has responded to a protest by gay rights campaigners in the US over its sponsorship of the Russian Winter Olympics, arguing that the company "celebrates diversity".

Round-Up - NPD: Will Summer Diet Soft Drink Swoon Jump Start CSD Innovation?

Struggling sales for diet soft drinks should see a new wave of innovation break over the category. Tom Vierhile reports.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page