Coca-Cola HBC tenders for €600 million 4.25% notes due 2016 at 102.903

By Susanna Moon

Chicago, March 3 – Coca-Cola HBC Finance BV said it began a tender offer for its €600 million 4.25% notes due 2016 guaranteed by Coca-Cola HBC AG and Coca-Cola HBC Holdings BV.

The indicative purchase price is 102.903% of par, using a purchase yield of 0% and assuming a settlement date of March 11, according to a company announcement.

The company also plans to pay accrued interest.

Also, the company said it plans to issue new euro-denominated fixed-rate notes, and the tender offer is subject to the issue of the new notes.

Coca-Cola HBC said it plans to announce its decision whether to accept tenders in the offer and, if so, the purchase price and the amount on March 10.

The company said it is looking to retire the notes prior to their maturity in order to improve its debt profile.

The purchase price will equal the value of all remaining payments of principal and interest on the notes up to and including the maturity date, minus accrued interest, and is intended to reflect a yield to maturity of the notes on the settlement date based on the purchase yield, the release noted.

Holders may tender their notes by submitting tender instructions, which are irrevocable, by 11 a.m. ET on March 9.

The dealer managers are Credit Suisse Securities (Europe) Ltd. (+44 20 7883 8763 or liability.management@credit-suisse.com), Deutsche Bank AG, London Branch (+44 20 7545 8011 or liability.management@db.com), Societe Generale (+44 20 7676 7579 or liability.management@sgcib.com). The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, Thomas Choquet, cchbc@lucid-is.com).

Coca-Cola HBC Finance is a subsidiary of Athens-based Coca-Cola Hellenic Bottling Co. SA.

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