8-KThe WireRoutine
Company Update
Filed May 5, 2021 · 5y ago · Accession 0001552781-21-000338
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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
5, 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
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
0.125% Notes Due 2029
KO29B
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
0.800% 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 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.
U.S. Dollar-Denominated Notes Offering
On May 5, 2021, The Coca-Cola Company (the “Company”)
completed its previously announced public offering of $2,000,000,000 aggregate principal amount of its 2.250% Notes due 2032 (the “2032
notes”), $750,000,000 aggregate principal amount of its 2.875% Notes due 2041 (the “2041 notes”) and $700,000 aggregate
principal amount of its 3.000% Notes due 2051 (the “2051 notes” and together with the 2032 notes and the 2041 notes, the “Dollar
Notes”).
The offering of the Dollar Notes was 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 2051 notes constituted a further issuance of the Company’s
3.000% Notes due 2051, of which $1,000,000,000 aggregate principal amount was issued on March 5, 2021 (the “existing 2051 notes”)
under the Indenture. The 2051 notes have the same CUSIP number and will trade interchangeably with the existing 2051 notes. The offering
price of the 2051 notes included accrued interest from, and including, March 5, 2021 to, but excluding, the issue date of the 2051 notes,
which was paid by the purchasers of the 2051 notes. After giving effect to the issuance of the 2051 notes, the Company now has $1,700,000,000
aggregate principal amount of 3.000% Notes due 2051 outstanding.
The Company intends to use the net proceeds from the
offering of the Dollar Notes, together with cash on hand, for the purchase of certain of its outstanding U.S. dollar-denominated notes
(the “Dollar Tender Offer Notes”) tendered pursuant to the Tender Offers (defined below) and the payment of related accrued
and unpaid interest, premiums, fees and expenses and the redemptions of certain of the Dollar Tender Offer Notes that remain outstanding
following the consummation of the Tender Offers, if applicable.
The Indenture and the forms of global note for the
offering are filed as exhibits to this Current Report on Form 8-K and are incorporated herein by reference.
Tender Offers
On May 5, 2021, the Company issued a press release
announcing the pricing of the previously announced tender offers to purchase for cash any and all of certain of the Company’s debt
securities (the “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.
Exhibit No.
Description
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 2.250% Notes due 2032.
4.5
Form of Note for 2.875% Notes due 2041.
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 May 5, 2021, of The Coca-Cola Company.
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: May 5,
2021
By:
/s/ Larry M. Mark
Name: Larry M. Mark
Title: Vice President, Global Finance Operations
Filing details
- Company
- COCA COLA CO
- Ticker
- KO
- CIK
- 21344
- Form type
- 8-K
- Filing date
- May 5, 2021
- Report date
- May 5, 2021
- Document
- e21319_ko-8k.htm
- Size
- 753 KB