Coca-Cola Co. is planning to launch an offering of its 2024 and 2029 notes.
In a redacted prospectus dated Sept. 4, the U.S. soft drinks giant indicated that interest on the planned offering will be paid semiannually in arrears, with the first payment dates beginning in 2020.
The notes will be issued in denominations of $2,000 and in integral multiples of $1,000 in excess of that.
Coca-Cola said the notes will be the company's unsecured obligations and will rank equally with its unsecured senior indebtedness.
The company intends to use the net proceeds from the offering for general corporate purposes.
Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp. and Wells Fargo Securities LLC will be the underwriters of the offering, if it proceeds.
The proposed offering was rated A+ by S&P Global Ratings and A1 by Moody's.
