8-KThe WireRoutine
Company Update
Filed May 8, 2024 · 2y ago · Accession 0001552781-24-000299
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported)
May 8, 2024 ( May
6, 2024 )
COCA COLA CO
(Exact name of
Registrant as specified in its charter)
Delaware
001-02217
58-0628465
(State
or other jurisdiction of incorporation)
(Commission
File Number)
(I.R.S.
Employer Identification No.)
One
Coca-Cola Plaza
Atlanta ,
Georgia
30313
(Address
of principal executive offices)
(Zip
Code)
Registrant’s
telephone number, including area code: (404) 676-2121
Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following
provisions:
☐ Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.25 Par Value
KO
New
York Stock Exchange
1.875%
Notes Due 2026
KO26
New
York Stock Exchange
0.750%
Notes Due 2026
KO26C
New
York Stock Exchange
1.125%
Notes Due 2027
KO27
New
York Stock Exchange
0.125%
Notes Due 2029
KO29A
New
York Stock Exchange
0.125%
Notes Due 2029
KO29B
New
York Stock Exchange
0.400%
Notes Due 2030
KO30B
New
York Stock Exchange
1.250%
Notes Due 2031
KO31
New
York Stock Exchange
0.375%
Notes Due 2033
KO33
New
York Stock Exchange
0.500%
Notes Due 2033
KO33A
New
York Stock Exchange
1.625%
Notes Due 2035
KO35
New
York Stock Exchange
1.100%
Notes Due 2036
KO36
New
York Stock Exchange
0.950%
Notes Due 2036
KO36A
New
York Stock Exchange
0.800%
Notes Due 2040
KO40B
New
York Stock Exchange
1.000%
Notes Due 2041
KO41
New
York Stock Exchange
Indicate by check
mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ☐
If an emerging growth
company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01. Other
Events.
U.S.
Dollar-Denominated Notes Offering
On May 6, 2024, The
Coca-Cola Company (the “Company”) entered into an underwriting agreement (the “Dollar Notes Underwriting Agreement”)
among the Company and Citigroup Global Markets Inc., Barclays Capital Inc. and Santander US Capital Markets LLC, as representatives of
the several underwriters named therein (the “Dollar Notes Underwriters”), in connection with the Company’s public offering
(the “Dollar Notes Offering”) of $1,000,000,000 aggregate principal amount of its 5.000% Notes due 2034, $1,100,000,000 aggregate
principal amount of its 5.300% Notes due 2054 and $900,000,000 aggregate principal amount of its 5.400% Notes due 2064 (collectively,
the “Dollar Notes”). Pursuant to the Dollar Notes Underwriting Agreement, the Company agreed to sell the Dollar Notes to
the Dollar Notes Underwriters, and the Dollar Notes Underwriters agreed to purchase the Dollar Notes for resale to the public. The Dollar
Notes Offering is expected to close on or about May 13, 2024, subject to customary closing conditions.
The Dollar Notes Underwriting
Agreement includes customary representations, warranties and covenants by the Company. It also provides for customary indemnification
by each of the Company and the Dollar Notes Underwriters against certain liabilities and customary contribution provisions in respect
of those liabilities.
Euro-Denominated
Notes Offering
On May 7, 2024, the
Company entered into an underwriting agreement (the “Euro Notes Underwriting Agreement”) among the Company and the underwriters
named therein (the “Euro Notes Underwriters”) in connection with the Company’s public offering (the “Euro Notes
Offering”) of €500,000,000 aggregate principal amount of its 3.125% Notes due 2032 and €500,000,000 aggregate principal
amount of its 3.500% Notes due 2044 (collectively, the “Euro Notes” and, together with the Dollar Notes, the “Notes”).
Pursuant to the Euro Notes Underwriting Agreement, the Company agreed to sell the Euro Notes to the Euro Notes Underwriters, and the
Euro Notes Underwriters agreed to purchase the Euro Notes for resale to the public. The Euro Notes Offering is expected to close on or
about May 14, 2024, subject to customary closing conditions.
The Euro Notes Underwriting
Agreement includes customary representations, warranties and covenants by the Company. It also provides for customary indemnification
by each of the Company and the Euro Notes Underwriters against certain liabilities and customary contribution provisions in respect of
those liabilities.
The offerings of the
Notes were made pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-268053) filed with
the Securities and Exchange Commission (the “SEC”) on October 28, 2022.
The Company intends
to use the net proceeds from the offerings of the Notes for general corporate purposes, which may include working capital, capital expenditures,
acquisitions of or investments in businesses or assets and redemption and repayment of short-term or long-term borrowings, as well as
for making any potential payments in connection with the Company’s ongoing tax litigation with the United States Internal Revenue
Service.
The Dollar Notes Underwriting
Agreement and the Euro Notes Underwriting Agreement are filed as exhibits to this Current Report on Form 8-K and are incorporated
herein by reference.
2
Item
9.01. Financial
Statements and Exhibits.
(d) Exhibits
In reviewing the agreements
included as exhibits to this report, please remember they are included to provide you with information regarding their terms and are
not intended to provide any other factual or disclosure information about the Company or the other parties to the agreements. The agreements
contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties have
been made solely for the benefit of the other parties to the applicable agreement and:
·
should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;
·
may have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;
·
may apply standards of materiality in a way that is different from what may be viewed as material to you or other investors; and
·
were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.
Accordingly, these
representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. Additional
information about the Company may be found elsewhere in this report and the Company’s other public filings, which are available
without charge through the SEC’s website at http://www.sec.gov.
3
Exhibit No.
Description
1.1
Underwriting Agreement relating to the Dollar Notes, dated May 6, 2024, among the Company and Citigroup Global Markets Inc., Barclays Capital Inc. and Santander US Capital Markets LLC, as representatives of the several underwriters named therein.
1.2
Underwriting Agreement relating to the Euro Notes, dated May 7, 2024, among the Company and the Euro Notes Underwriters named therein.
104
Cover
Page Interactive Data File (the cover page XBRL tags are embedded within the iXBRL document).
4
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
THE COCA-COLA COMPANY
(REGISTRANT)
Date:
May 8, 2024
By:
/s/
MARK RANDAZZA
Name:
Mark
Randazza
Title:
Senior
Vice President, Assistant Controller
and Chief Accounting Officer
5
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- May 8, 2024
- Report date
- May 6, 2024
- Document
- e24235_ko-8k.htm
- Size
- 1.3 MB