Simpson Thacher recently represented the underwriters in connection with Coca-Cola Consolidated, Inc.’s registered public offering of $700 million aggregate principal amount of 5.250% Notes due 2029 and $500 million aggregate principal amount of 5.450% Notes due 2034.
Coca-Cola Consolidated intends to use the net proceeds from the offering to fund its previously announced share repurchase and tender offer. Coca-Cola Consolidated intends to use any remaining net proceeds for general corporate purposes.
Coca-Cola Consolidated is the largest Coca-Cola bottler in the United States. Coca-Cola Consolidated makes, sells and distributes beverages of The Coca-Cola Company and other partner companies in more than 300 brands and flavors across 14 states and the District of Columbia, to approximately 60 million consumers.
The Simpson Thacher team included Katharine Thompson, Evan Hunt, Brice Stewart and Toyin Edogun (Capital Markets); Michael Mann and Benjamin Bressler (Tax); Lori Lesser and Chandler Gerard-Reimer (Intellectual Property); Pasco Struhs (ECEB); and Jennie Getsin (Blue Sky).