Business Context and Reporting Period
Company: The Coca-Cola Company
Filing Type: Form 8-K (Current Report)
Report Date: November 1, 2013
Event Date: October 29, 2013
Context: The Company completed a public offering of various debt securities pursuant to a shelf registration statement filed on October 28, 2013.
Key Financial Metrics
This filing reports on a capital raising event rather than operational performance. No revenue, profit, cash flow, or margin data is provided in this document.
| Security Type | Principal Amount | Coupon Rate | Maturity |
|---|---|---|---|
| Floating Rate Notes | $500,000,000 | Floating | 2016 |
| Fixed Rate Notes | $500,000,000 | 0.750% | 2016 |
| Fixed Rate Notes | $1,250,000,000 | 1.650% | 2018 |
| Fixed Rate Notes | $1,250,000,000 | 2.450% | 2020 |
| Fixed Rate Notes | $1,500,000,000 | 3.200% | 2023 |
| Total Aggregate Principal | $5,000,000,000 | - | - |
Material Changes
The primary material change is the increase in the Company's outstanding debt obligations by $5.0 billion following the completion of the offering. The filing does not provide comparative financial data against prior periods.
Guidance, Outlook, and Risks
Management Commentary: The offering was executed under an Underwriting Agreement with Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Morgan Stanley & Co. LLC.
Risks and Contingencies: The filing includes standard legal disclaimers regarding the representations and warranties in the Underwriting Agreement and Indenture. These are noted as risk allocation mechanisms between parties and may not reflect the actual state of affairs or materiality standards relevant to investors. No specific operational risks or forward-looking guidance are detailed in this report.
Investor Verification Checklist
- Verify the use of proceeds from the $5.0 billion offering in the Company's most recent 10-K or 10-Q filings.
- Review the full Underwriting Agreement (Exhibit 1.1) for specific covenants and indemnification terms.
- Confirm the impact of the new debt on the Company's overall leverage ratios and liquidity position.
- Check subsequent filings for any changes in the interest rate environment affecting the Floating Rate Notes.