8-KThe WireRoutine
Company Update
Filed Aug 9, 2024 · 1y ago · Accession 0001552781-24-000465
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)
August 9, 2024 ( August
7, 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
3.125% Notes Due 2032
KO32
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
3.500% Notes Due 2044
KO44
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 August 7, 2024, The Coca-Cola Company (the “Company”)
entered into an underwriting agreement (the “Dollar Notes Underwriting Agreement”) among the Company and Barclays Capital
Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley
& Co. 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 $750,000,000 aggregate principal amount of its 4.650%
Notes due 2034 (the “2034 notes”), $1,500,000,000 aggregate principal amount of its 5.200% Notes due 2055 (the “2055
notes”) and $750,000,000 aggregate principal amount of its 5.400% Notes due 2064 (the “2064 notes”, and collectively
with the 2034 notes and the 2055 notes, the “Dollar Notes”). The 2064 notes constitute a further issuance of the Company’s
5.400% Notes due 2064, of which $900,000,000 aggregate principal amount was issued on May 13, 2024 (the “existing 2064 notes”).
The 2064 notes have the same CUSIP number and will trade interchangeably with the existing 2064 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. The Dollar Notes Offering is expected to close on or about August 14, 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 August 8, 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 3.375% Notes due 2037 and €500,000,000 aggregate principal amount of its 3.750% Notes due 2053
(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. The Euro Notes Offering is expected to close on or about August 15, 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 and the Company’s
final contingent consideration payment in 2025 in connection with its acquisition of fairlife, LLC.
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.
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.
Exhibit No.
Description
1.1
Underwriting Agreement relating to the Dollar Notes, dated August 7, 2024, among the Company and Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein.
1.2
Underwriting Agreement relating to the Euro Notes, dated August 8, 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).
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:
August 9, 2024
By:
/s/
ERIN MAY
Name:
Erin May
Title:
Senior Vice President, Controller and Chief Accounting Officer
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- Aug 9, 2024
- Report date
- Aug 7, 2024
- Document
- e24341_ko-8k.htm
- Size
- 1.3 MB