DBRS Rates Coca-Cola’s $5.0 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 (Coke or the Company) $5.0 billion senior unsecured notes (the Notes) issuance, which includes:

(1) Three-year, $500 million floating rate notes, due November 1, 2016;
(2) Three-year, $500 million 0.75% notes, due November 1, 2016;
(3) Five-year, $1.25 billion 1.65% notes, due November 1, 2018;
(4) Seven-year, $1.25 billion 2.45% notes, due November 1, 2020; and
(5) Ten-year, $1.50 billion 3.2% notes, due November 1, 2023.

The Notes will be senior unsecured obligations ranking pari passu with Coke’s other senior unsecured indebtedness. Proceeds from the offering are expected to be used to repay the Company’s outstanding indebtedness and 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.