The Coca-Cola Company KO today announced the expiration of its offer to certain eligible holders to exchange specified series of outstanding debt securities issued by Coca-Cola Refreshments USA, Inc., a wholly-owned subsidiary of the Company, for a combination of debt securities to be issued by the Company and cash, the complete terms of which are set forth in an Offering Memorandum, dated August 3, 2011, and the related Letter of Transmittal.
In the exchange offer, according to information provided by Global Bondholder Services Corporation, the exchange agent for the exchange offer, $1,021,753,000 aggregate principal amount of CCR notes were validly tendered and not validly withdrawn at or prior to midnight, New York City time, on August 30, 2011 as more fully set forth below. This amount includes $4,551,000 aggregate principal amount of CCR notes tendered after 5:00 p.m., New York City time, on August 16, 2011 but prior to the Expiration Date, and $1,017,202,000 aggregate principal amount of CCR notes previously accepted for exchange on August 19, 2011.
The Company will accept all CCR notes that were tendered for exchange after the Early Settlement Date but on or prior to the Expiration Date and expects to settle the exchange offer for these notes on September 1, 2011.
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