Exhibit 99.1
 |
|
News Release |
The Coca-Cola
Company Announces Debt Tender Offers
The Coca-Cola Company Announces Offers
to Purchase Any and All of Certain Outstanding
U.S. Dollar-Denominated Notes (Listed on Table I Below) and Euro-Denominated Notes (Listed
on Table II Below)
ATLANTA, September 14, 2020 – The Coca-Cola Company (the “Company,”
“we,” “us” and “our”) (NYSE: KO) today announced its offers to purchase for cash any and all
of the outstanding (i) notes of the Company denominated in U.S. dollars listed in Table I below (the “Dollar Notes”)
and (ii) notes of the Company denominated in Euros listed in Table II below (the “Euro Notes”). The Dollar Notes and
the Euro Notes are referred to collectively herein as the “Notes” and such offers to purchase as the “Offers”
and each an “Offer.” As of September 14, 2020, approximately $4.57 billion aggregate principal amount of Dollar Notes
and €3.05 billion aggregate principal amount of Euro Notes were outstanding.
Each Offer is made upon the terms and subject to the conditions
set forth in the offer to purchase, dated September 14, 2020 (as may be amended or supplemented from time to time, the “Offer
to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together
with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement
have the meanings given to them in the Offer to Purchase.
All documentation relating to the Offers, including the Offer to
Purchase and the Notice of Guaranteed Delivery, together with any updates, are available from the Information Agent and the Tender
Agent, as set forth below, and will also be available via the Offer Website: http://www.dfking.com/ko.
Timetable for the Offers
| Date |
Calendar Date and Time |
| |
|
| Commencement of the Offers |
September 14, 2020. |
| |
|
| Price Determination Time |
10:00 a.m. (New York City time), with
respect to the Dollar Notes, and 3:00 p.m. (London time), with respect to the Euro Fixed Rate Notes (as defined below), on September
18, 2020, unless extended. |
| |
|
| Withdrawal Date |
5:00 p.m. (New York City time) on September 18, 2020, unless extended. |
| |
|
| Expiration Date |
5:00 p.m. (New York City time) on September 18, 2020, unless extended. |
| |
|
| Initial Settlement Date |
Expected to be the first business day after the Expiration Date. The expected Initial Settlement Date is September 21, 2020, with respect to each Offer unless extended with respect to such Offer. |
| |
|
| Guaranteed Delivery Date |
5:00 p.m. (New York City time) on the second
business day after the Expiration Date, expected to be on September 22, 2020, unless extended. |
| |
|
Guaranteed Delivery
Settlement Date |
Expected to be the first business day after the
Guaranteed Delivery Date. The expected Guaranteed Delivery Settlement Date is September 23, 2020, with respect to each Offer
unless extended with respect to such Offer. |
TABLE I: DOLLAR NOTES SUBJECT TO THE OFFERS
| Title
of Notes | |
CUSIP
Number/ISIN | |
Principal
Amount Outstanding | |
UST
Reference
Security | |
Bloomberg
Reference
Page | |
Fixed
Spread (bps) |
| 3.300% Notes due 2021 | |
CUSIP:
191216AV2;
191216AT7;
EI7738574
ISIN:
US191216AV26;
US191216AT79;
USU19121AH24
| |
$ | 1,324,430,000 | | |
1.125% UST due 08/31/2021 | |
FIT3 | |
| 10 | |
| 1.550% Notes due 2021 | |
CUSIP:
191216BY5
ISIN:
US191216BY55
| |
$ | 1,000,000,000 | | |
1.125% UST due 08/31/2021 | |
FIT3 | |
| 10 | |
| 2.200% Notes due 2022 | |
CUSIP:
191216CF5
ISIN:
US191216CF57
| |
$ | 500,000,000 | | |
0.125% UST due 05/31/2022 | |
FIT4 | |
| 7.5 | |
| 4.125% Notes due 2040 | |
CUSIP:
191216CP3
ISIN:
US191216CP30
| |
$ | 500,000,000 | | |
1.25% UST due 05/15/2050 | |
FIT1 | |
| 70 | |
| 4.200% Notes due 2050 | |
CUSIP:
191216CQ1
ISIN:
US191216CQ13 | |
$ | 1,250,000,000 | | |
1.25% UST due 05/15/2050 | |
FIT1 | |
| 105 | |
| | |
| |
| | | |
| |
| |
| | |
| (1) | Per $1,000
principal amount of Dollar Notes validly tendered at or prior to the Expiration Date
or the Guaranteed Delivery Date (as defined below) pursuant to the Guaranteed Delivery
Procedures (as defined below) and not validly withdrawn and accepted for purchase (and
subject to the applicable Authorized Denomination (as defined below)). Does not include
the Accrued Coupon Payment (as defined below). |
TABLE II: EURO NOTES SUBJECT TO THE OFFERS
| Title
of Notes | |
CUSIP
Number/ISIN | |
Principal
Amount Outstanding | |
Comparable
Government Bond | |
Bloomberg
Reference
Page | |
Fixed
Spread (bps) | |
Fixed
Total Consideration for Floating Rate Notes(1) |
| Floating Rate Notes due 2021 | |
CUSIP:
AX3944839 ISIN:
XS1955024390 | |
€ | 750,000,000 | | |
N/A | |
N/A | |
| N/A | | |
| € 1,003.00 | |
| 0.000% Notes due 2021 | |
CUSIP:
191216CC2
ISIN:
XS1574671662 | |
€ | 500,000,000 | | |
2.500% German Bobl due 01/04/2021 | |
FIT GE0-1 | |
| 15 | | |
| N/A | |
| 0.125% Notes due 2022 | |
CUSIP:
AX3944847
ISIN:
XS1955024630 | |
€ | 1,000,000,000 | | |
1.750% German Bobl due 07/04/2022 | |
FIT GE1-3 | |
| 10 | | |
| N/A | |
| 1.125% Notes due 2022 | |
CUSIP:
191216BJ8
ISIN:
XS1112678559 | |
€ | 800,000,000 | | |
1.500% German Bobl due 09/04/2022 | |
FIT GE1-3 | |
| 10 | | |
| N/A | |
| | |
| |
| | | |
| |
| |
| | | |
| | |
| (1) | Per €1,000
principal amount of Euro Notes validly tendered at or prior to the Expiration Date or
the Guaranteed Delivery Date pursuant to the Guaranteed Delivery Procedures and not validly
withdrawn and accepted for purchase (and subject to the applicable Authorized Denomination).
Does not include the Accrued Coupon Payment. |
Purpose of the Offers
The primary purpose of the Offers is to
acquire up to all of the outstanding Notes listed on Table I and Table II above. The Offers are being made in connection with our
proposed registered offerings of new senior notes denominated in U.S. dollars (the “New Dollar Notes Offering”) and
new senior notes denominated in Euros (the “New Euro Notes Offering” and, together with the New Dollar Notes Offering,
the “New Notes Offerings”). The Offers for any and all of the Dollar Notes are expected to be funded by the concurrent
New Dollar Notes Offering and the Offers for any and all of the Euro Notes are expected to be funded by the concurrent New Euro
Notes Offering. Each Offer is subject to the satisfaction of certain conditions as more fully described under the heading “Description
of the Offers—Financing Conditions” in the Offer to Purchase including, among other things, with respect to the
Offers for the Dollar Notes, the Dollar Notes Financing Condition and, with respect to the Offers for the Euro Notes, the Euro
Notes Financing Condition. Notes that are accepted in the Offers will be purchased, retired and cancelled by us and will no longer
remain outstanding obligations of ours.
Details of the Offers
The Offers will expire at 5:00 p.m. (New
York City time) on September 18, 2020 with respect to any Offer (as the same may be extended with respect to such Offer, the “Expiration
Date”). Tendered Notes may be withdrawn at any time prior to 5:00 p.m. (New York City time), on September 18, 2020 with respect
to each Offer (as the same may be extended with respect to any Offer, the “Withdrawal Date”), but not thereafter, except
as required by applicable law as described in the Offer to Purchase. None of the Offers is conditioned on completion of any of
the other Offers, and each Offer otherwise operates independently from the other Offers. None of the Offers is conditioned on any
minimum amount of Notes being tendered.
For a Holder who holds Notes through DTC
to validly tender Notes pursuant to the Offers, an Agent’s Message and any other required documents must be received by the
Tender Agent at its address set forth on the Offer to Purchase at or prior to the Expiration Date or, if pursuant to the Guaranteed
Delivery Procedures, at or prior to 5:00 p.m. (New York City time) on September 22, 2020 (the “Guaranteed Delivery Date”).
For a Holder who holds Notes through Clearstream or Euroclear to validly tender Notes pursuant to the Offers, such Holder must
tender such Notes by the submission of valid Tender Instructions in accordance with the procedures described in the Offer to Purchase
and of such Clearing System, as applicable. There is no letter of transmittal for the Offer to Purchase.
Upon the terms and subject to the conditions
set forth in the Tender Offer Documents, Holders who (i) validly tender Notes at or prior to the Expiration Date (and do not validly
withdraw such Notes at or prior to the Withdrawal Date) or (ii) deliver a properly completed and duly executed Notice of Guaranteed
Delivery (or comply with ATOP procedures applicable to guaranteed delivery) and all other required documents at or prior to the
Expiration Date and validly tender their Notes at or prior to the Guaranteed Delivery Date pursuant to the Guaranteed Delivery
Procedures, and, in each case, whose Notes are accepted for purchase by us, will receive the applicable Total Consideration for
each $1,000 or €1,000 principal amount of Notes, as applicable, which will be
payable in cash. We will accept and pay for all validly tendered and not validly withdrawn Notes that are accepted for purchase
by us.
The Total Consideration payable for the eight series of fixed-rate
Notes listed in Tables I and II above (the “Fixed Rate Notes”) will be a price per $1,000 or €1,000 principal
amount of such series of Fixed Rate Notes, as applicable, that is accepted for purchase equal to an amount, calculated in accordance
with the respective formulas described in the Offer to Purchase, that would reflect, as of the Initial Settlement Date, a yield
to the maturity date of such series of Fixed Rate Notes equal to the sum of (i) the Reference Yield for such series, determined
at 10:00 a.m. (New York City time), for the Dollar Notes, or 3:00 p.m. (London time), for the three series of fixed-rate Euro-denominated
Notes listed in Table II above (the “Euro Fixed Rate Notes”), on September 18, 2020 (subject to certain exceptions
set forth in the Offer to Purchase, such time and date, as the same may be extended, the “Price Determination Time”)
plus (ii) the fixed spread applicable to such series, as set forth in the tables above (the “Fixed Spread”), in each
case minus the accrued and unpaid interest on such Notes to, but not including, the Initial Settlement Date (the “Accrued
Coupon Payment”). The “Reference Yield” means (i) with respect to each series of Dollar Notes, the yield of the
reference security listed in the table for the Dollar Notes above for such series and (ii) with respect to each series of Euro
Fixed Rate Notes, the applicable Comparable Government Bond Rate, each as derived in the manner detailed in the Offer to Purchase.
The Total Consideration payable for the
Euro Floating Rate Notes will be €1,003.00 per €1,000 principal amount of the Euro Floating Rate Notes accepted for purchase.
In addition to the applicable Total
Consideration, Holders whose Notes are accepted for purchase will be paid the Accrued Coupon Payment. Interest will cease to accrue
on the Initial Settlement Date for all Notes accepted in the Offers, including those tendered through the Guaranteed Delivery
Procedures.
Each Offer is subject to certain conditions,
including, among other things, with respect to the Offers for the Dollar Notes, the Dollar Notes Financing Condition and, with
respect to the Offers for the Euro Notes, the Euro Notes Financing Condition, and certain customary conditions. Subject to applicable
law and limitations described in the Offer to Purchase, we may waive any of the conditions in our sole discretion.
Our obligation to accept and pay for any Dollar Notes validly tendered
and not validly withdrawn is conditioned on our receipt of aggregate proceeds (before underwriters’ discounts and other offering
expenses) in the New Dollar Notes Offering, on or prior to the Expiration Date on terms satisfactory to us, in an amount sufficient
to fund the purchase of the Dollar Notes tendered in the Offers (the “Dollar Notes Financing Condition”).
Our obligation to accept and pay for any Euro Notes validly tendered
and not validly withdrawn is conditioned on our receipt of aggregate proceeds (before underwriters’ discounts and other offering
expenses) in the New Euro Notes Offering, on or prior to the Expiration Date on terms satisfactory to us, in an amount sufficient
to fund the purchase of the Euro Notes tendered in the Offers (the “Euro Notes Financing Condition”).
If any Notes (other than the 2040 Notes,
2050 Notes and Euro Floating Rate Notes) remain outstanding after the consummation of the Offers, we expect (but are not obligated)
to redeem such Notes in accordance with the terms and conditions set forth in the related indenture.
For further details on the procedures
for tendering the Notes, please refer to the Offer to Purchase, including the procedures set out under the heading “Description
of the Offers—Procedures for Tendering Notes” in the Offer to Purchase.
We have retained BofA Securities, Inc (“BofA Securities”),
Citigroup Global Markets Inc. (“Citi”), J.P. Morgan Securities LLC (“J.P. Morgan”) and J.P. Morgan Securities
plc (“JPM London”) to act as the Dealer Managers in connection with the Offers (collectively, the “Dealer Managers”).
Questions regarding terms and conditions of the Offers should be directed to BofA Securities at +1 (980) 286-5958 or +44 20 7996-5420
or debt_advisory@bofa.com or DG.LM-EMEA@bofa.com, Citi at (800) 558-3745 or +44 20 7986-8969, J.P. Morgan at +1 (866) 834-4666
(toll free) or +1 (212) 834-8553 (collect), or JPM London at +44 20 7134-2468.
D.F. King has been appointed as information
agent and tender agent (the “Information Agent and Tender Agent”) in connection with the Offers. Questions or requests
for assistance in connection with the Offers or the delivery of Tender Instructions, or for additional copies of the Tender Offer
Documents, may be directed to the Information Agent and Tender Agent at +1 (877) 478-5040 (toll free), +1 (212) 269-5550 (collect)
or +44 20 7920-9700 (collect), or via e-mail at ko@dfking.com. You may also contact your broker, dealer, commercial bank, trust
company or other nominee for assistance concerning the Offers. The Tender Offer Documents can be accessed at the Offer Website:
http://www.dfking.com/ko.
We reserve the right, in our sole
discretion, not to accept any Tender Instructions, not to purchase any Notes or to extend, re-open, withdraw or terminate any Offer
and to amend or waive any of the terms and conditions of any Offer in any manner, subject to applicable laws and regulations.
Holders are advised to read carefully
the Offer to Purchase for full details of and information on the procedures for participating in the Offer, as applicable.
Holders are advised to check with any
bank, securities broker or other intermediary through which they hold the Notes when such intermediary would require to receive
instructions from a Holder in order for that the Holder to be able to participate in the Offers before the deadlines specified
above. The deadlines set by any such intermediary and each Clearing System for the submission of Tender Instructions will be earlier
than the relevant deadlines specified above.
Unless stated otherwise, announcements
in connection with the Offers will be made available on our website at www.coca-colacompany.com. Such announcements may also be
made by (i) the issue of a press release and (ii) the delivery of notices to the Clearing Systems for communication to Direct Participants.
Copies of all such announcements, press
releases and notices can also be obtained from the Information Agent and Tender Agent, the contact details for whom are set out
below. Significant delays may be experienced where notices are delivered to the Clearing Systems and Holders are urged to contact
the Information Agent and Tender Agent for the relevant announcements relating to the Offers. In addition, all documentation relating
to the Offer to Purchase, together with any updates, will be available via the Offer Website: http://www.dfking.com/ko.
DISCLAIMER This announcement must
be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which
should be read carefully before any decision is made with respect to any Offers. If you are in any doubt as to the contents of
this announcement or the Offer to Purchase or the action you should take, you are recommended to seek your own financial, legal
and tax advice, including as to any tax consequences, immediately from your broker, bank manager, solicitor, accountant or other
independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank,
custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offers.
None of the Company, the Dealer Managers,
the Trustee, the Paying Agents, the Tender Agent or the Information Agent or any of their respective directors, officers, employees,
agents or affiliates makes any recommendation as to whether or not Holders should tender their Notes in the Offers.
None of the Company, the Dealer Managers,
the Trustee, the Paying Agents, the Tender Agent or the Information Agent or any of their respective directors, officers, employees,
agents or affiliates assumes any responsibility for the accuracy or completeness of the information concerning the Company, the
Notes, or the Offers contained in this announcement or in the Offer to Purchase. None of the Company, the Dealer Managers, the
Trustee, the Paying Agents, the Tender Agent, the Information Agent or any of their respective directors, officers, employees,
agents or affiliates is acting for any Holder, or will be responsible to any Holder for providing any protections which would be
afforded to its clients or for providing advice in relation to the Offers, and accordingly none of the Company, the Dealer Managers,
the Trustee, the Paying Agents, the Tender Agent, the Information Agent or any of their respective directors, officers, employees,
agents or affiliates assumes any responsibility for any failure by the Company to disclose information with regard to the Company
or Notes which is material in the context of the Offers and which is not otherwise publicly available.
General
This announcement is for informational
purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase any Notes or any other securities
of the Company or any of its subsidiaries. The Offers are being made solely pursuant to the Offer to Purchase. The Offers are not
being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require
the Offers to be made by a licensed broker or dealer, the Offers will be deemed to be made on behalf of the Company by the Dealer
Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
No action has been or will be taken in
any jurisdiction that would permit the possession, circulation or distribution of either this announcement, the Offer to Purchase
or any material relating to us or the Notes in any jurisdiction where action for that purpose is required. Accordingly, neither
this announcement, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be
distributed or published, in or from any such country or jurisdiction, except in compliance with any applicable rules or regulations
of any such country or jurisdiction.
The distribution of this announcement
and the Offer to Purchase in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or
the Offer to Purchase comes are required by us, the Dealer Managers, the Information Agent and Tender Agent to inform themselves
about, and to observe, any such restrictions.
This communication has not been approved
by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”).
Accordingly, this communication is not being directed at persons within the United Kingdom save in circumstances where section
21(1) of the FSMA does not apply.
In particular, this communication is only addressed to and directed
at: (i) persons that are outside the United Kingdom or (ii) persons in the United Kingdom who have professional experience in matters
relating to investments falling within the definition of “investment professionals” in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Financial Promotion Order”)) or who
are a high net worth company, unincorporated association or any other person to which this communication may be provided in accordance
with Article 49(2)(a)-(d) of the Financial Promotion Order or who are creditors or members of the Company or another person to
whom this communication may otherwise lawfully be communicated (such persons together being “relevant persons”). In
the United Kingdom, the Offer to Purchase and any other documents or materials relating to the Offers is directed only at relevant
persons and any investment or investment activity to which the Offer to Purchase and this communication relates will be available
only to, and engaged in only with, relevant persons. Any person in the United Kingdom who is not a relevant person should not act
or rely on the Offer to Purchase or this communication or any of their contents.
Neither this announcement nor the Offer
to Purchase, or the electronic transmission thereof, as applicable, constitutes an offer to sell or buy any of the new notes pursuant
to the New Notes Offerings, a solicitation for acceptance of the Offers, or a notice of redemption under the indenture
governing the Notes. The Offers are not being made in any jurisdiction in which, or to or from any person to or from whom, it
is unlawful to make such offer or solicitation under applicable securities laws or otherwise. The distribution of this announcement
in certain jurisdictions may be restricted by law. In those jurisdictions where the securities, blue sky or other laws require
the Offers to be made by a licensed broker or dealer and the Dealer Managers or any of their respective affiliates is such a licensed
broker or dealer in any such jurisdiction, the Offers shall be deemed to be made by the Dealer Managers or such affiliate (as
the case may be) on behalf of the Company in such jurisdiction.
Each Holder participating in the Offers
will give certain representations in respect of the jurisdictions referred to above and generally as set out herein. Any tender
of Notes pursuant to the Offers from a Holder that is unable to make these representations will not be accepted. Each of the Company,
the Dealer Managers, the Tender Agent and Information Agent reserves the right, in its absolute discretion, to investigate, in
relation to any tender of Notes pursuant to the Offers, whether any such representation given by a Holder is correct and, if such
investigation is undertaken and as a result the Company determines (for any reason) that such representation is not correct, such
tender shall not be accepted.
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. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking.
All statements relating to the timing, size or other terms of the Offers, the New Notes Offerings or the redemptions of
the Notes, or our ability to complete the Offers, are forward-looking statements.
Forward-looking statements are subject to certain
risks and uncertainties that could cause our actual results to differ materially from its historical experience and our present
expectations or projections. These risks and uncertainties include, but are not limited to, the negative impacts of the novel coronavirus
(COVID-19) pandemic on our business; obesity and other health-related concerns; evolving consumer product and shopping preferences;
increased competition; water scarcity and poor quality; increased demand for food products and decreased agricultural productivity;
product safety and quality concerns; perceived negative health consequences of certain ingredients, such as non-nutritive sweeteners
and biotechnology-derived substances, and of other substances present in our beverage products or packaging materials; an inability
to be successful in our innovation activities; an inability to protect our information systems against service interruption, misappropriation
of data or breaches of security; failure to comply with personal data protection and privacy laws; failure to digitize the Coca-Cola
system; changes in the retail landscape or the loss of key retail or foodservice customers; an inability to expand operations in
emerging and developing markets; fluctuations in foreign currency exchange rates; interest rate increases; an inability to maintain
good relationships with our bottling partners; a deterioration in our bottling partners’ financial condition; increases in
income tax rates, changes in income tax laws or unfavorable resolution of tax matters; increased or new indirect taxes in the United
States and throughout the world; an inability to successfully manage the possible negative consequences of our productivity initiatives;
an inability to attract or retain a highly skilled and diverse workforce; increased cost, disruption of supply or shortage of energy
or fuel; increased cost, disruption of supply or shortage of ingredients, other raw materials, packaging materials, aluminum cans
and other containers; increasing concerns about the environmental impact of plastic bottles and other plastic packaging materials;
changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements
or limitations on the marketing or sale of our products; unfavorable general economic conditions in the United States; unfavorable
economic and political conditions in international markets; litigation or legal proceedings; conducting business in markets with
high-risk legal compliance environments; failure by our third-party service providers and business partners to satisfactorily fulfill
their commitments and responsibilities; failure to adequately protect, or disputes relating to, trademarks, formulae and other
intellectual property rights; adverse weather conditions; climate change and legal or regulatory responses thereto; damage to our
brand image, corporate reputation and social license to operate from negative publicity, whether or not warranted, concerning product
safety or quality, workplace and human rights, obesity or other issues; changes in, or failure to comply with, the laws and regulations
applicable to our products or our business operations; changes in accounting standards; an inability to achieve our overall long-term
growth objectives; deterioration of global credit market conditions; default by or failure of one or more of our counterparty financial
institutions; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience
strikes, work stoppages or labor unrest; future impairment charges; multi-employer pension plan withdrawal liabilities in the future;
an inability to successfully integrate and manage our Company-owned or -controlled bottling operations or other acquired businesses
or brands; an inability to successfully manage our refranchising activities; failure to realize a significant portion of the anticipated
benefits of our strategic relationship with Monster Beverage Corporation; global or regional catastrophic events; and other risks
discussed in our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2019 and our subsequently
filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as required by law.
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage
company, offering over 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brand,
our portfolio includes AdeS, Ayataka, Costa, Dasani, Del Valle, Fanta, Georgia, Gold Peak, Honest, innocent, Minute Maid, Powerade,
Simply, smartwater, Sprite, vitaminwater and ZICO. We’re constantly transforming our portfolio, from reducing sugar in our
drinks to bringing innovative new products to market. We’re also working to reduce our environmental impact by replenishing
water and promoting recycling. With our bottling partners, we employ more than 700,000 people, helping bring economic opportunity
to local communities worldwide.
Contacts
Investors and Analysts: Tim Leveridge,
koinvestorrelations@coca-cola.com
Media: Scott Leith, sleith@coca-cola.com
