8-KThe WireRoutine
Company Update
Filed Mar 5, 2021 · 5y ago · Accession 0001552781-21-000076
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)
March 1,
2021
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
30313
Atlanta , Georgia
(Zip Code)
(Address of principal executive offices)
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:
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
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
Floating
Rate Notes Due 2021
KO21C
New
York Stock Exchange
0.750%
Notes Due 2023
KO23B
New
York Stock Exchange
0.500%
Notes Due 2024
KO24
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
1.250%
Notes Due 2031
KO31
New
York Stock Exchange
0.375%
Notes Due 2033
KO33
New
York Stock Exchange
1.625%
Notes Due 2035
KO35
New
York Stock Exchange
1.100%
Notes Due 2036
KO36
New
York Stock Exchange
0.800%
Notes Due 2040
KO40B
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
o
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. o
Item 8.01. Other Events.
Euro-Denominated Notes Offering
On March 1, 2021,
The Coca-Cola Company (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 €700,000,000 aggregate principal amount of its 0.125% Notes due
2029, €650,000,000 aggregate principal amount of its 0.500% Notes due 2033 and €650,000,000 aggregate principal amount
of its 1.000% Notes due 2041 (collectively, the “Euro 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 March 9, 2021, 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.
U.S. Dollar-Denominated Notes
Offering
On March 5, 2021,
the Company completed a public offering of $750,000,000 aggregate principal amount of its 1.500% Notes due 2028, $750,000,000
aggregate principal amount of its 2.000% Notes due 2031 and $1,000,000,000 aggregate principal amount of its 3.000% Notes due
2051 (collectively, the “Dollar Notes” and, together with the Euro Notes, the “Notes”).
In connection
with the offering of the Dollar Notes, the Company entered into an underwriting agreement, dated March 1, 2021 (the “Dollar
Notes Underwriting Agreement”), among the Company and Barclays Capital Inc., Goldman Sachs & Co. LLC and Santander Investment
Securities Inc. as representatives of the several underwriters named therein (the “Dollar Notes Underwriters”). 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 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.
The offerings
of the Notes were made pursuant to the Company’s shelf registration statement on Form S-3 (Registration No. 333-234311)
filed with the Securities and Exchange Commission (the “SEC”) on October 24, 2019.
The Dollar Notes
were issued under an Amended and Restated Indenture, dated as of April 26, 1988 (as supplemented, the “Indenture”),
between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee, as supplemented
by the First Supplemental Indenture, dated as of February 24, 1992, and the Second Supplemental Indenture, dated as of November 1,
2007, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee.
The Company intends
to use the net proceeds from the offering of the Dollar Notes, together with cash on hand, if necessary, for the purchase of certain
of its outstanding U.S. dollar-denominated notes (the “Dollar Tender Offer Notes”) and the payment of related accrued
and unpaid interest, premiums, fees and expenses (the “Dollar Tender Offers”) and the redemptions of certain of the
Dollar Tender Offer Notes that remain outstanding following the consummation of the Dollar Tender Offers, if applicable. The Company
intends to use the net proceeds from the offering of the Euro Notes, together with cash on hand, if necessary, for the purchase
of certain of its outstanding euro-denominated notes (the “Euro Tender Offer Notes”) and the payment of related accrued
and unpaid interest, premiums, fees and expenses (the “Euro Tender Offers”), the redemptions of certain of the Euro
Tender Offer Notes that remain outstanding following the consummation of the Euro Tender Offers, if applicable, and to repay the
Company’s euro-denominated Floating Rate Notes due 2021.
2
The Euro Notes
Underwriting Agreement, the Dollar Notes Underwriting Agreement, the Indenture and the forms of global note for the Dollar Notes
Offering are filed as exhibits to this Current Report on Form 8-K and are incorporated herein by reference.
Tender Offers
On March 5, 2021,
the Company issued a press release announcing the pricing of the previously announced Tender Offers. A copy of the press release
is attached as Exhibit 99.1 and incorporated by reference herein.
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 Euro Notes, dated March 1, 2021, among the Company and the Euro Notes Underwriters named therein.
1.2
Underwriting Agreement relating to the Dollar Notes, dated March 1, 2021, among the Company and Barclays Capital Inc., Goldman Sachs & Co. LLC and Santander Investment Securities Inc., as representatives of the several underwriters named therein.
4.1
Amended and Restated Indenture,
dated as of April 26, 1988, between the Company and Deutsche Bank Trust Company Americas, as successor to Bankers
Trust Company, as trustee — incorporated herein by reference to Exhibit 4.1 to the Company’s Registration
Statement on Form S-3 (Registration No. 33-50743) filed on October 25, 1993.
4.2
First Supplemental Indenture,
dated as of February 24, 1992, to Amended and Restated Indenture, dated as of April 26, 1988, between the Company
and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated herein
by reference to Exhibit 4.2 to the Company’s Registration Statement on Form S-3 (Registration No. 33-50743)
filed on October 25, 1993.
4.3
Second Supplemental Indenture,
dated as of November 1, 2007, to Amended and Restated Indenture, dated as of April 26, 1988, as amended, between
the Company and Deutsche Bank Trust Company Americas, as successor to Bankers Trust Company, as trustee — incorporated
herein by reference to Exhibit 4.3 of the Company’s Current Report on Form 8-K filed on March 5,
2009.
4.4
Form of Note for 1.500% Notes due 2028.
4.5
Form of Note for 2.000% Notes due 2031.
4.6
Form of Note for 3.000% Notes due 2051.
5.1
Opinion of Skadden, Arps, Slate, Meagher & Flom LLP regarding the validity of the Dollar Notes.
23.1
Consent of Skadden, Arps, Slate, Meagher & Flom LLP — included as part of Exhibit 5.1 hereto.
99.1
Press release, dated March 5, 2021, of The Coca-Cola Company.
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: March 5, 2021
By:
/s/ Larry M. Mark
Name: Larry M. Mark
Title: Vice President, Global Finance Operations
5
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- Mar 5, 2021
- Report date
- Mar 1, 2021
- Document
- e21091_ko-8k.htm
- Size
- 1.0 MB