The Coca-Cola Company Announces Offers to
Purchase Any and All of Certain Outstanding U.S. Dollar-Denominated
Notes (Listed on Table I Below) and Euro-Denominated Notes (Listed
on Table II Below)
The Coca-Cola Company (the “Company,” “we,” “us” and “our”)
(NYSE: KO) today announced its offers to purchase for cash any and
all of the Company’s outstanding (i) U.S. dollar-denominated notes
listed in Table I below (the “Dollar Notes”) and (ii)
Euro-denominated notes listed in Table II below (the “Euro Notes”).
The Dollar Notes and the Euro Notes are referred to collectively
herein as the “Notes” and such offers to purchase as the “Offers”
and each an “Offer.” As of April 28, 2021, approximately $4.25
billion aggregate principal amount of Dollar Notes and €2.2 billion
aggregate principal amount of Euro Notes were outstanding.
Each Offer is made upon the terms and subject to the conditions
set forth in the offer to purchase, dated April 28, 2021 (as may be
amended or supplemented from time to time, the “Offer to
Purchase”), and its accompanying notice of guaranteed delivery (the
“Notice of Guaranteed Delivery” and, together with the Offer to
Purchase, the “Tender Offer Documents”). Capitalized terms used but
not defined in this announcement have the meanings given to them in
the Offer to Purchase.
All documentation relating to the Offers, including the Offer to
Purchase and the Notice of Guaranteed Delivery, together with any
updates, are available from the Information Agent and the Tender
Agent, as set forth below, and will also be available via the Offer
Website: https://sites.dfkingltd.com/coca-cola.
Timetable for the Offers
Date
Calendar
Date and Time
Commencement of the Offers
April 28, 2021.
Price Determination Time
10:00 a.m. (New York City time) on May 5,
2021, unless extended.
Withdrawal Date
5:00 p.m. (New York City time) on
May 5, 2021, unless extended.
Expiration Date
5:00 p.m. (New York City time) on
May 5, 2021, unless extended.
Initial Settlement Date
The expected Initial Settlement
Date is (i) May 6, 2021, which is the first business day after the
Expiration Date, with respect to each Dollar Notes Offer unless
extended with respect to such Offer or (ii) May 7, 2021, which is
the second business day after the Expiration Date, with respect to
each Euro Notes Offer unless extended with respect to such
Offer.
Guaranteed Delivery
Date
5:00 p.m. (New York City time) on
the second business day after the Expiration Date, expected to be
on May 7, 2021, unless extended.
Guaranteed Delivery Settlement Date
Expected to be the first business day
after the Guaranteed Delivery Date. The expected Guaranteed
Delivery Settlement Date is May 10, 2021, with respect to each
Offer unless extended with respect to such Offer.
TABLE I: DOLLAR NOTES SUBJECT
TO THE OFFERS
Title of Notes
CUSIP
Number/ISIN
Principal Amount
Outstanding
UST Reference Security
Bloomberg Reference
Page
Fixed Spread (bps)
2.950% Notes due 2025 (the “2.950% Dollar
Notes”)
CUSIP: 191216CN8 ISIN:
US191216CN81
$1,000,000,000
0.375% UST due 04/15/2024
FIT1
40
2.875% Notes due 2025 (the “2.875% Dollar
Notes”)
CUSIP: 191216BS8 ISIN:
US191216BS87
$1,750,000,000
0.750% UST due 03/31/2026
FIT1
15
2.550% Notes due 2026 (the “2.550% Dollar
Notes”)
CUSIP: 191216BW9 ISIN:
US191216BW99
$500,000,000
0.750% UST due 03/31/2026
FIT1
12.5
2.250% Notes due 2026 (the “2.250% Dollar
Notes”)
CUSIP: 191216BZ2 ISIN:
US191216BZ21
$1,000,000,000
0.750% UST due 03/31/2026
FIT1
10
TABLE II: EURO NOTES SUBJECT
TO THE OFFERS
Title of Notes
ISIN/Common Code
Principal Amount
Outstanding
Reference Benchmark
Bloomberg Reference
Page
Fixed Spread (bps)
0.750% Notes due 2026 (the “0.750% Euro
Notes”)
ISIN: XS1955024713 Common Code:
195502471
€1,000,000,000
0.750% EUR Notes Interpolated
Mid-Swap Rate
ICAE1
0
1.875% Notes due 2026 (the “1.875% Euro
Notes”)
ISIN: XS1112678989 Common Code:
111267898
€1,200,000,000
1.875% EUR Notes Interpolated
Mid-Swap Rate
ICAE1
0
Purpose of the Offers
The primary purpose of the Offers is to acquire up to all of the
outstanding Notes listed on Table I and Table II above. The Offers
are being made in connection with our proposed registered offerings
of new senior notes denominated in U.S. dollars (the “New Dollar
Notes Offering”) and new senior notes denominated in Euros (the
“New Euro Notes Offering” and, together with the New Dollar Notes
Offering, the “New Notes Offerings”). The Total Consideration for
any and all of the Dollar Notes, applicable Accrued Coupon Payment
(as defined below) and all related fees and expenses are expected
to be funded by the concurrent New Dollar Notes Offering, together
with cash on hand. The Total Consideration for any and all of the
Euro Notes, applicable Accrued Coupon Payment and all related fees
and expenses are expected to be funded by the concurrent New Euro
Notes Offering, together with cash on hand. Each Offer is subject
to the satisfaction of certain conditions as more fully described
under the heading “Description of the Offers—Financing Conditions”
in the Offer to Purchase including, among other things, with
respect to the Offers for the Dollar Notes, the Dollar Notes
Financing Condition and, with respect to the Offer for the Euro
Notes, the Euro Notes Financing Condition. Notes that are accepted
in the Offers will be purchased, retired and cancelled by us and
will no longer remain outstanding obligations of ours.
Priority in Allocation of New Euro Notes
A Holder that wishes to subscribe for notes denominated in Euro
pursuant to the Company’s New Euro Notes Offering (“New Euro
Notes”) in addition to tendering Euro Notes for purchase pursuant
to the Offers may receive priority (the “New Issue Priority”) in
the allocation of the New Euro Notes, subject to the issue of the
New Euro Notes and such Holder making a separate application for
the purchase of such New Euro Notes to a Dealer Manager (in its
capacity as a manager of the issue of the New Euro Notes) in
accordance with the standard new issue procedures of such manager.
When considering allocation of the New Euro Notes, the Company
intends to give preference to Holders who, prior to such
allocation, have validly tendered or indicated their firm intention
to the Company or any of the Dealer Managers (in their capacity as
a manager of the issue of the New Euro Notes) to tender the Euro
Notes and subscribe for New Euro Notes. The aggregate principal
amount of New Euro Notes for which New Issue Priority will be given
to such Holder will be in our sole discretion and may be less than
or equal to (but shall not be greater than, although for the
avoidance of doubt a Holder may separately apply for additional New
Euro Notes but shall not receive priority in respect of such
additional New Euro Notes) the aggregate principal amount of Euro
Notes validly tendered by such Holder in the Offers and accepted
for purchase. We are not obligated to allocate the New Euro Notes
to an investor which has validly tendered or indicated a firm
intention to tender the Euro Notes pursuant to the Offers.
In the event that a Holder validly tenders Euro Notes pursuant
to the Offers, such Euro Notes will remain subject to the
conditions of the Offers as set out in the Offer to Purchase
irrespective of whether that Holder receives all, part, or none of
the allocation of New Euro Notes for which it has applied.
All Tender Instructions or applications to purchase New Euro
Notes are subject to all applicable securities laws and regulations
in force in any relevant jurisdiction (including the jurisdiction
of the relevant Holder).
It is the sole responsibility of each Holder to satisfy itself
that it is eligible to purchase the New Euro Notes before
registering its interest with, and making an application to, a
Dealer Manager (in its capacity as a manager of the issue of the
New Euro Notes) for the purchase of the New Euro Notes. Any failure
to validly submit a Tender Instruction (including as a result of
such Holder being ineligible to be offered or to be sold the New
Euro Notes in accordance with any applicable securities laws and
regulations), or any failure of such Holder to make an application
for the purchase of the New Euro Notes in accordance with the
standard new issue procedures of the relevant manager of the issue
of the New Euro Notes, will result in no New Issue Priority being
given in respect of such Tender Instruction.
Details of the Offers
The Offers will expire at 5:00 p.m. (New York City time) on May
5, 2021 with respect to any Offer (as the same may be extended with
respect to such Offer, the “Expiration Date”). Tendered Notes may
be withdrawn at any time prior to 5:00 p.m. (New York City time),
on May 5, 2021 with respect to each Offer (as the same may be
extended with respect to any Offer, the “Withdrawal Date”), but not
thereafter, except as required by applicable law as described in
the Offer to Purchase. None of the Offers is conditioned on
completion of any of the other Offers, and each Offer otherwise
operates independently from the other Offers. None of the Offers is
conditioned on any minimum amount of Notes being tendered.
For a Holder who holds Notes through DTC to validly tender Notes
pursuant to the Offers, an Agent’s Message and any other required
documents must be received by the Tender Agent at its email address
set forth on the Offer to Purchase at or prior to the Expiration
Date or, if pursuant to the Guaranteed Delivery Procedures, at or
prior to 5:00 p.m. (New York City time) on May 7, 2021 (the
“Guaranteed Delivery Date”). For a Holder who holds Notes through
Clearstream or Euroclear to validly tender Notes pursuant to the
Offers, such Holder must tender such Notes by the submission of
valid Tender Instructions in accordance with the procedures
described in the Offer to Purchase and of such Clearing System, as
applicable. There is no letter of transmittal for the Offer to
Purchase.
Upon the terms and subject to the conditions set forth in the
Tender Offer Documents, Holders who (i) validly tender Notes at or
prior to the Expiration Date (and do not validly withdraw such
Notes at or prior to the Withdrawal Date) or (ii) deliver a
properly completed and duly executed Notice of Guaranteed Delivery
(or comply with ATOP procedures applicable to guaranteed delivery)
and all other required documents at or prior to the Expiration Date
and validly tender their Notes at or prior to the Guaranteed
Delivery Date pursuant to the Guaranteed Delivery Procedures, and,
in each case, whose Notes are accepted for purchase by us, will
receive the applicable Total Consideration for each $1,000 or
€1,000 principal amount of Notes, as applicable, which will be
payable in cash. We will accept and pay for all validly tendered
and not validly withdrawn Notes that are accepted for purchase by
us.
The Total Consideration payable for the Notes will be a price
per $1,000 or €1,000 principal amount of such series of Notes, as
applicable, that is accepted for purchase equal to an amount,
calculated in accordance with the respective formulas described in
the Offer to Purchase, that would reflect, as of the applicable
Initial Settlement Date, a yield to the maturity date of such
series of Notes equal to the sum of (i) the Reference Yield for
such series, determined at 10:00 a.m. (New York City time), for the
Dollar Notes, or 3:00 p.m. (London time), for the Euro Notes, on
May 5, 2021 (subject to certain exceptions set forth in the Offer
to Purchase, such time and date, as the same may be extended, the
“Price Determination Time”) plus (ii) the fixed spread applicable
to such series, as set forth in the tables above (the “Fixed
Spread”), in each case minus the applicable Accrued Coupon Payment.
The “Reference Yield” means (i) with respect to each series of
Dollar Notes, the yield of the reference security listed in the
table for the Dollar Notes above for such series and (ii) with
respect to the Euro Notes, the applicable Reference Benchmark, each
as derived in the manner detailed in the Offer to Purchase.
In addition to the applicable Total Consideration, (i) Holders
whose Dollar Notes of a given series are accepted for purchase by
us will be paid the applicable accrued and unpaid interest on such
Dollar Notes from the last interest payment date (March 25, 2021
with respect to the 2.950% Dollar Notes, April 27, 2021 with
respect to the 2.875% Dollar Notes, December 1, 2020 with respect
to the 2.550% Dollar Notes and March 1, 2021 with respect to the
2.250% Dollar Notes) up to, but not including, the Initial
Settlement Date for the Dollar Notes Offer, which is expected to be
May 6, 2021 and (ii) Holders whose Euro Notes are accepted for
purchase by us will be paid the accrued and unpaid interest on such
Euro Notes from the last interest payment date (September 22, 2020
with respect to both the 0.750% Euro Notes and the 1.875% Euro
Notes) up to, but not including, the Initial Settlement Date for
the Euro Notes Offer, which is expected to be May 7, 2021 (each
such amount, an “Accrued Coupon Payment”). Interest will cease to
accrue on the applicable Initial Settlement Date for all Notes
accepted in the Offers, including those tendered through the
Guaranteed Delivery Procedures.
Each Offer is subject to certain conditions, including, among
other things, with respect to the Offers for the Dollar Notes, the
Dollar Notes Financing Condition and, with respect to the Offer for
the Euro Notes, the Euro Notes Financing Condition, and certain
customary conditions. Subject to applicable law and limitations
described in the Offer to Purchase, we may waive any of the
conditions in our sole discretion.
Our obligation to accept and pay for any Dollar Notes validly
tendered and not validly withdrawn is conditioned on the successful
completion, after the date hereof and prior to the Initial
Settlement Date, of the New Dollar Notes Offering on terms
satisfactory to us (the “Dollar Notes Financing Condition”).
Our obligation to accept and pay for any Euro Notes validly
tendered and not validly withdrawn is conditioned on the successful
completion, after the date hereof and prior to the Initial
Settlement Date, of the New Euro Notes Offering on terms
satisfactory to us (the “Euro Notes Financing Condition”).
If any Dollar Notes remain outstanding after the consummation of
the Dollar Notes Offer, we expect (but are not obligated) to redeem
such Notes in accordance with the terms and conditions set forth in
the related indenture.
For further details on the procedures for tendering the Notes,
please refer to the Offer to Purchase, including the procedures set
out under the heading “Description of the Offers—Procedures for
Tendering Notes” in the Offer to Purchase.
We have retained BofA Securities, Inc. (“BofA Securities”),
Citigroup Global Markets Inc. (“Citi”), J.P. Morgan Securities LLC
(“J.P. Morgan”), and J.P. Morgan Securities plc (“JPM London”) to
act as the Dealer Managers in connection with the Offers
(collectively, the “Dealer Managers”). Questions regarding terms
and conditions of the Offers should be directed to BofA Securities
at +1 (980) 387-3907 or +44 20 7996 5420 or debt_advisory@bofa.com,
Citi at (800) 558-3745 or +44 20 7986 8969, J.P. Morgan at +1 (866)
834-4666 (toll free) or +1 (212) 834-4054 (collect), or JPM London
at +44 20 7134 2468 or liability_management_EMEA@jpmorgan.com.
D.F. King has been appointed as information agent and tender
agent (the “Information Agent and Tender Agent”) in connection with
the Offers. Questions or requests for assistance in connection with
the Offers or the delivery of Tender Instructions, or for
additional copies of the Tender Offer Documents, may be directed to
the Information Agent and Tender Agent at +1 (866) 796-7179 (toll
free), +1 (212) 269-5550 (collect) or +44 20 7920 9700 (collect),
or via e-mail at ko@dfking.com. You may also contact your broker,
dealer, commercial bank, trust company or other nominee for
assistance concerning the Offers. The Tender Offer Documents can be
accessed at the Offer Website:
https://sites.dfkingltd.com/coca-cola.
We reserve the right, in our sole discretion, not to accept
any Tender Instructions, not to purchase any Notes or to extend,
re-open, withdraw or terminate any Offer and to amend or waive any
of the terms and conditions of any Offer in any manner, subject to
applicable laws and regulations.
Holders are advised to read carefully the Offer to Purchase
for full details of and information on the procedures for
participating in the Offer, as applicable.
Holders are advised to check with any bank, securities broker or
other intermediary through which they hold the Notes when such
intermediary would require to receive instructions from a Holder in
order for that the Holder to be able to participate in the Offers
before the deadlines specified above. The deadlines set by any such
intermediary and each Clearing System for the submission of Tender
Instructions will be earlier than the relevant deadlines specified
above.
Unless stated otherwise, announcements in connection with the
Offers will be made available on our website at
www.coca-colacompany.com. Such announcements may also be made by
(i) the issue of a press release and (ii) the delivery of notices
to the Clearing Systems for communication to Direct
Participants.
Copies of all such announcements, press releases and notices can
also be obtained from the Information Agent and Tender Agent, the
contact details for whom are set out below. Significant delays may
be experienced where notices are delivered to the Clearing Systems
and Holders are urged to contact the Information Agent and Tender
Agent for the relevant announcements relating to the Offers. In
addition, all documentation relating to the Offer to Purchase,
together with any updates, will be available via the Offer Website:
https://sites.dfkingltd.com/coca-cola.
DISCLAIMER This announcement must be read in conjunction
with the Offer to Purchase. This announcement and the Offer to
Purchase contain important information which should be read
carefully before any decision is made with respect to any Offers.
If you are in any doubt as to the contents of this announcement or
the Offer to Purchase or the action you should take, you are
recommended to seek your own financial, legal and tax advice,
including as to any tax consequences, immediately from your broker,
bank manager, solicitor, accountant or other independent financial
or legal adviser. Any individual or company whose Notes are held on
its behalf by a broker, dealer, bank, custodian, trust company or
other nominee or intermediary must contact such entity if it wishes
to participate in the Offers.
None of the Company, the Dealer Managers, the Trustee, the
Paying Agents, the Tender Agent or the Information Agent or any of
their respective directors, officers, employees, agents or
affiliates makes any recommendation as to whether or not Holders
should tender their Notes in the Offers.
None of the Company, the Dealer Managers, the Trustee, the
Paying Agents, the Tender Agent or the Information Agent or any of
their respective directors, officers, employees, agents or
affiliates assumes any responsibility for the accuracy or
completeness of the information concerning the Company, the Notes,
or the Offers contained in this announcement or in the Offer to
Purchase. None of the Company, the Dealer Managers, the Trustee,
the Paying Agents, the Tender Agent, the Information Agent or any
of their respective directors, officers, employees, agents or
affiliates is acting for any Holder, or will be responsible to any
Holder for providing any protections which would be afforded to its
clients or for providing advice in relation to the Offers, and
accordingly none of the Company, the Dealer Managers, the Trustee,
the Paying Agents, the Tender Agent, the Information Agent or any
of their respective directors, officers, employees, agents or
affiliates assumes any responsibility for any failure by the
Company to disclose information with regard to the Company or Notes
which is material in the context of the Offers and which is not
otherwise publicly available.
General
This announcement is for informational purposes only. This
announcement is not an offer to purchase or a solicitation of an
offer to purchase any Notes or any other securities of the Company
or any of its subsidiaries. The Offers are being made solely
pursuant to the Offer to Purchase. The Offers are not being made to
Holders of Notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction. In any jurisdiction in
which the securities laws or blue sky laws require the Offers to be
made by a licensed broker or dealer, the Offers will be deemed to
be made on behalf of the Company by the Dealer Managers or one or
more registered brokers or dealers that are licensed under the laws
of such jurisdiction.
No action has been or will be taken in any jurisdiction that
would permit the possession, circulation or distribution of either
this announcement, the Offer to Purchase or any material relating
to us or the Notes in any jurisdiction where action for that
purpose is required. Accordingly, neither this announcement, the
Offer to Purchase nor any other offering material or advertisements
in connection with the Offers may be distributed or published, in
or from any such country or jurisdiction, except in compliance with
any applicable rules or regulations of any such country or
jurisdiction.
The distribution of this announcement and the Offer to Purchase
in certain jurisdictions may be restricted by law. Persons into
whose possession this announcement or the Offer to Purchase comes
are required by us, the Dealer Managers, the Information Agent and
Tender Agent to inform themselves about, and to observe, any such
restrictions.
This communication has not been approved by an authorized person
for the purposes of Section 21 of the Financial Services and
Markets Act 2000, as amended (the “FSMA”). Accordingly, this
communication is not being directed at persons within the United
Kingdom save in circumstances where section 21(1) of the FSMA does
not apply.
In particular, in the United Kingdom, this communication is only
addressed to and directed at persons who (i) have professional
experience in matters relating to investments falling within the
definition of “investment professionals” in Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended, the “Financial Promotion Order”)); (ii) are high
net worth entities or other persons falling within Article
49(2)(a)-(d) of the Financial Promotion Order; or (iii) are persons
to whom an inducement to engage in investment activity within the
meaning of Section 21 of the FSMA may otherwise lawfully be
communicated or caused to be communicated (such persons together
being “relevant persons”). In the United Kingdom, the Offer to
Purchase and any other documents or materials relating to the
Offers is directed only at relevant persons and any investment or
investment activity to which the Offer to Purchase and this
communication relates will be available only to, and engaged in
only with, relevant persons. Any person in the United Kingdom who
is not a relevant person should not act or rely on the Offer to
Purchase or this communication or any of their contents.
Neither this announcement nor the Offer to Purchase, or the
electronic transmission thereof, as applicable, constitutes an
offer to sell or buy any of the new notes pursuant to the New Notes
Offerings, a solicitation for acceptance of the Offers, or a notice
of redemption under the indenture governing the Notes. The Offers
are not being made in any jurisdiction in which, or to or from any
person to or from whom, it is unlawful to make such offer or
solicitation under applicable securities laws or otherwise. The
distribution of this announcement in certain jurisdictions may be
restricted by law. In those jurisdictions where the securities,
blue sky or other laws require the Offers to be made by a licensed
broker or dealer and the Dealer Managers or any of their respective
affiliates is such a licensed broker or dealer in any such
jurisdiction, the Offers shall be deemed to be made by the Dealer
Managers or such affiliate (as the case may be) on behalf of the
Company in such jurisdiction.
Each Holder participating in the Offers will give certain
representations in respect of the jurisdictions referred to above
and generally as set out herein. Any tender of Notes pursuant to
the Offers from a Holder that is unable to make these
representations will not be accepted. Each of the Company, the
Dealer Managers, the Tender Agent and Information Agent reserves
the right, in its absolute discretion, to investigate, in relation
to any tender of Notes pursuant to the Offers, whether any such
representation given by a Holder is correct and, if such
investigation is undertaken and as a result the Company determines
(for any reason) that such representation is not correct, such
tender shall not be accepted.
Forward-Looking Statements
This press release may contain statements, estimates or
projections that constitute “forward-looking statements” as defined
under U.S. federal securities laws. Generally, the words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and
similar expressions identify forward-looking statements, which
generally are not historical in nature. However, the absence of
these words or similar expressions does not mean that a statement
is not forward-looking. All statements relating to the timing, size
or other terms of the Offers, the New Notes Offering or the
redemptions of the Dollar Notes, or our ability to complete the
Offers, are forward-looking statements.
Forward-looking statements are subject to certain risks and
uncertainties that could cause The Coca-Cola Company’s actual
results to differ materially from its historical experience and our
present expectations or projections. These risks and uncertainties
include, but are not limited to, the negative impacts of the
COVID-19 pandemic on our business; a failure to realize the
economic benefits we anticipate from our productivity initiatives,
including our recently announced reorganization and related
strategic realignment initiatives, or an inability to successfully
manage their possible negative consequences; an inability to
attract or retain a highly skilled and diverse workforce; increased
competition; an inability to renew collective bargaining agreements
on satisfactory terms, or we or our bottling partners experience
strikes, work stoppages or labor unrest; an inability to be
successful in our innovation activities; changes in the retail
landscape or the loss of key retail or foodservice customers; an
inability to expand our operations in emerging and developing
markets; increased cost, disruption of supply or shortage of energy
or fuel; increased cost, disruption of supply or shortage of
ingredients, other raw materials, packaging materials, aluminum
cans and other containers; an inability to successfully manage new
product launches; obesity and other health-related concerns;
evolving consumer product and shopping preferences; product safety
and quality concerns; perceived negative health consequences of
certain ingredients, such as nonnutritive sweeteners and
biotechnology-derived substances, and of other substances present
in our beverage products or packaging materials; damage to our
brand image, corporate reputation and social license to operate
from negative publicity, whether or not warranted, concerning
product safety or quality, workplace and human rights, obesity or
other issues; an inability to maintain good relationships with our
bottling partners; a deterioration in our bottling partners’
financial condition; increases in income tax rates, changes in
income tax laws or the unfavorable resolution of tax matters,
including the outcome of our ongoing tax dispute or any related
disputes with the IRS; the possibility that the assumptions used to
calculate our estimated aggregate incremental tax and interest
liability related to the potential unfavorable outcome of the
ongoing tax dispute with the IRS could significantly change; an
inability to successfully integrate and manage our consolidated
bottling operations or other acquired businesses or brands; an
inability to successfully manage our refranchising activities;
increases in income tax rates, changes in income tax laws or
unfavorable resolution of tax matters; increased or new indirect
taxes in the United States and throughout the world; changes in
laws and regulations relating to beverage containers and packaging;
significant additional labeling or warning requirements or
limitations on the marketing or sale of our products; litigation or
legal proceedings; conducting business in markets with high-risk
legal compliance environments; failure to adequately protect, or
disputes relating to, trademarks, formulae and other intellectual
property rights; changes in, or failure to comply with, the laws
and regulations applicable to our products or our business
operations; fluctuations in foreign currency exchange rates;
interest rate increases; unfavorable general economic and political
conditions in the United States and international markets;
unfavorable outcome of litigation or legal proceedings; an
inability to achieve our overall long-term growth objectives;
default by or failure of one or more of our counterparty financial
institutions; future impairment charges; failure to realize a
significant portion of the anticipated benefits of our strategic
relationship with Monster Beverage Corporation; an inability to
protect our information systems against service interruption,
misappropriation of data or breaches of security; failure to comply
with personal data protection and privacy laws; failure to digitize
the Coca-Cola system; failure by our third-party service providers
and business partners to satisfactorily fulfill their commitments
and responsibilities; increasing concerns about the environmental
impact of plastic bottles and other plastic packaging materials;
water scarcity and poor quality; increased demand for food products
and decreased agricultural productivity; climate change and legal
or regulatory responses thereto; adverse weather conditions; and
other risks discussed in our filings with the SEC, including our
Annual Report on Form 10-K for the year ended December 31, 2020 and
our Quarterly Report on Form 10-Q for the quarter ended April 2,
2021, which are available from the SEC. You should not place undue
reliance on forward-looking statements, which speak only as of the
date they are made. We undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company
with products sold in more than 200 countries and territories. Our
company’s purpose is to refresh the world and make a difference. We
sell multiple billion-dollar brands across several beverage
categories worldwide. Our portfolio of sparkling soft drink brands
includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee
and tea brands include Dasani, smartwater, vitaminwater, Topo
Chico, Powerade, Costa, Georgia, Gold Peak, Honest and Ayataka. Our
nutrition, juice, dairy and plant-based beverage brands include
Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We’re
constantly transforming our portfolio, from reducing sugar in our
drinks to bringing innovative new products to market. We seek to
positively impact people’s lives, communities and the planet
through water replenishment, packaging recycling, sustainable
sourcing practices and carbon emissions reductions across our value
chain. Together with our bottling partners, we employ more than
700,000 people, helping bring economic opportunity to local
communities worldwide.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210428005398/en/
Investors and Analysts: Tim Leveridge,
koinvestorrelations@coca-cola.com Media: Scott Leith,
sleith@coca-cola.com
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Coca Cola (NYSE:KO)
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