Shearman And Sterling

News June 24, 2020

Coca-Cola European Partners plc €250 Million Notes Offering

Shearman & Sterling advised Coca-Cola European Partners plc (CCEP) in connection with its issuance of €250,000,000 1.500% senior notes due 2027, to be consolidated and to form a single series with CCEP’s existing €400,000,000 1.500% Notes due 2027 issued on November 8, 2018. The transaction closed on June 23, 2020. CCEP intends to use the net proceeds of this offering to repay maturing debt and for other general corporate purposes.

CCEP is a leading consumer goods group in Western Europe, selling, making and distributing an extensive range of non-alcoholic ready-to-drink beverages and are the world’s largest Coca-Cola bottler based on revenue. CCEP serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden.

The Team