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The Coca-Cola Company Announces Results to Date of Maximum Tender Offer
Corporate,
December 1, 2010
ATLANTA, December 1, 2010 --
The
Issuer |
CUSIP |
Title of Security |
Principal Amount |
Principal Amount |
Percent Tendered of Principal Amount Outstanding |
Acceptance |
TCCC |
191216AM2 |
4.875% Notes due 2019 |
$1,350,000,000 |
$456,295,000 |
33.80% |
1 |
TCCC |
191216AK6 |
5.350% Notes due 2017 |
$1,750,000,000 |
$584,761,000 |
33.41% |
2 |
The Maximum Tender Offer is scheduled to expire at 11:59 p.m., EST, on December 14, 2010, unless extended or earlier terminated. If more than the maximum tender amount of $1,601,783,000 in aggregate principal amount of notes subject to the Maximum Tender Offer are validly tendered and not validly withdrawn before the expiration of the Maximum Tender Offer, the tendered notes will be purchased in accordance with the acceptance priority levels set forth above. If there are insufficient remaining funds to purchase all the notes of a series in an applicable priority level, then the amount of notes purchased in that series will be prorated based on the aggregate principal amount tendered for that series of notes. In that event, notes of other series subject to the Maximum Tender Offer with a lower acceptance priority level than the prorated series of notes will not be accepted for purchase.
Holders of notes subject to the Maximum Tender Offer who validly tendered and did not validly withdraw their notes before the early tender date will receive the total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of notes tendered by such holders that are accepted for purchase. Holders of notes subject to the Maximum Tender Offer who validly tender their notes after the early tender date and before the expiration date for the Maximum Tender Offer will receive the tender offer consideration, which is the total consideration minus $30.00 per $1,000 principal amount of notes tendered by such holders that are accepted for purchase.
The Company has retained Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. to serve as coordinating dealer managers and BofA Merrill Lynch and Goldman, Sachs & Co. to serve as dealer managers and D.F. King & Co., Inc. to serve as the tender and information agent for the tender offers.
Requests for documents may be directed to D.F. King & Co., Inc. by telephone at 800.901.0068 (toll free) or 212.269.5550 (collect) or in writing at 48 Wall Street, 22nd Floor, New York, New York 10005. Questions regarding the tender offers may be directed to Deutsche Bank Securities Inc. at 866.627.0391 (toll free) or 212.250.2955 (collect) or HSBC Securities (USA) Inc. at 888.HSBC.4LM (toll free) or 212.525.5552 (collect).
This press release is not a tender offer to purchase or a solicitation of acceptance of a tender offer, which may be made only pursuant to the terms of the Offer to Purchase. In any jurisdiction where the laws require the tender offers to be made by a licensed broker or dealer, the tender offer will be deemed made on behalf of the Company by Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., BofA Merrill Lynch, Goldman, Sachs & Co. or one or more registered brokers or dealers under the laws of such jurisdiction.
About The
The
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. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The
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