Coke Florida completes $700M debt deal

Coca-Cola Beverages Florida is poised for growth, after a private debt offering and a new bank agreement.

The Tampa-based Coca-Cola bottler completed a private offering of $375 million in senior unsecured notes and entered into an agreement with a group of banks for a $325 million senior unsecured revolving credit facility.

Coke Florida plans to use the funding to refinance existing debt and for working capital, capital expenditures and general corporate purposes. The company is one of the largest…

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