The Coca-Cola Co. 's U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A+'

CHICAGO (S&P Global Ratings) March 1, 2021--S&P Global Ratings today assigned its 'A+' issue-level rating to Atlanta-based The Coca-Cola Co.'s (Coke) proposed U.S. dollar-denominated senior unsecured notes due in 2028, 2031, and 2051 (final amounts to be determined). The group's parent will issue the notes, which will rank equally with its senior unsecured debt. Coke is drawing these notes under its shelf registration dated Oct. 24, 2019. The company intends to use the net proceeds from the offering, with cash on hand if necessary, to purchase the U.S. dollar-denominated notes tendered pursuant to the recently announced tender offers. Coke has also offered euro-denominated notes under a separate prospectus supplement, with cash on hand if necessary, to purchase the euro-denominated notes

...March 1, 2021 CHICAGO (S&P Global Ratings) March 1, 2021--S&P Global Ratings today assigned its 'A+' issue-level rating to Atlanta-based The Coca-Cola Co.'s (Coke) proposed U.S. dollar-denominated senior unsecured notes due in 2028, 2031, and 2051 (final amounts to be determined). The group's parent will issue the notes, which will rank equally with its senior unsecured debt. Coke is drawing these notes under its shelf registration dated Oct. 24, 2019. The company intends to use the net proceeds from the offering, with cash on hand if necessary, to purchase the U.S. dollar-denominated notes tendered pursuant to the recently announced tender offers. Coke has also offered euro-denominated notes under a separate prospectus supplement, with cash on hand if necessary, to purchase the euro-denominated notes tendered pursuant to the tender offers and, if applicable, repay the company's euro-denominated floating rate notes due in 2021. Neither offering is conditioned on completion of the other....

Ratings Action