US: Coca-Cola Co readies US$2.5bn note pricing
By Olly Wehring | 1 March 2013
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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
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