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Coca-Cola grosses $1.75 billion from debt offering

Coca-Cola Co. raised gross proceeds of $1.75 billion from an offering of 2.875% senior unsecured notes due Oct. 27, 2025.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, acquisitions or investments, and repurchase of securities.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC were the lead underwriters.

Deutsche Bank Securities Inc., Guzman & Co., Loop Capital Markets LLC, RBC Capital Markets LLC and SunTrust Robinson Humphrey Inc. also served as underwriters for the offering.