Shearman & Sterling advised Coca-Cola European Partners plc (CCEP) in connection with its issuance of €600 million 1.750 percent senior notes due 2026. The transaction closed on March 27, 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.