DBRS Rates Coca-Cola’s $4.5 Billion Senior Unsecured Notes Issue at A (high) with Stable Trend

DBRS has today assigned a rating of A (high) with a Stable trend to The Coca-Cola Company’s (CCC or the Company) $4.5 billion senior unsecured notes (the Notes) issuance. The issuance includes $1.25 billion floating-rate notes due May 15, 2012, and a $3.25 billion multi-tranche fixed-rate note issuance described as follows:

(1) $1.25 billion 0.75% notes due November 15, 2013.

(2) $1 billion 1.5% notes due November 15, 2015.

(3) $1 billion 3.15% notes due November 15, 2020.

The Notes will be senior unsecured obligations ranking pari passu with CCC’s other senior unsecured indebtedness. Proceeds are expected to be used to pay the consideration in connection with tender offers, with the balance to be used for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Consumer Products, which can be found on our website under Methodologies.