Coca-Cola to price dollar notes in three parts, euro notes in two

By Marisa Wong

Los Angeles, April 28 – The Coca-Cola Co. plans to price dollar-denominated senior notes in three tranches and euro-denominated senior notes in two tranches, according to 424B5 filings with the Securities and Exchange Commission.

The dollar tranches will consist of two new tranches due 2032 and 2041 and one add-on tranche. The company plans to price additional 3% notes due 2051, which will be part of the same series as the $1 billion of 3% notes due 2051 issued on March 5.

BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are bookrunners for the dollar-denominated notes.

Coca-Cola also plans to issue euro-denominated notes totaling €1 billion, according to a London Stock Exchange notice.

The company will price €500 million of nine-year notes and €500 million of 15-year notes.

BofA Securities, Citigroup and JPMorgan are bookrunners for the euro-denominated notes.

Proceeds from the dollar notes will be used, together with cash on hand, to purchase dollar notes under tender offers launched on Thursday; likewise, proceeds from the euro notes will be used to pay for the euro notes under the tender offers.

The beverage company is based in Atlanta.

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