Coca-Cola Enterprises, the US-based soft drink bottler, announced yesterday in a filing to US regulators that it intends to sell up to US$3.5 billion worth of senior debt securities, warrants to purchase senior debt securities and currency warrants. The sales will be made over a period of time.

Proceeds from the sale will be used for general corporate purposes such as acquisitions and debt repayment. It may also use proceeds from the currency warrants to hedge currency risks, it said in the Securities and Exchange Commission filing.

Under such a filing, a company may sell securities from time to time in one or more separate offerings in amounts, at prices and on terms to be determined at the time of the sale.