Coca-Cola Bottler Raises €2.1 Billion to Buy Africa Business
Bottles of Coca-Cola on the production line.
Photographer: Akos Stiller/BloombergCoca-Cola HBC Finance BV raised €2.1 billion ($2.4 billion) of debt on Thursday to help fund the acquisition of another drinks bottling firm.
The finance entity of Coca-Cola HBC AG was in the market with a three-part euro offering across maturities of 2.5 years, 4.5 years and 7.5 years, according to a person familiar with the matter. The two longer maturities will be used to fund the acquisition in Coca-Cola Beverages Africa, as well as for general corporate purposes.