Coca Cola European Partners’ Exchange Offers and Consent Solicitations

Shearman & Sterling advised Coca Cola European Partners plc (CCEP) on its offers to exchange certain U.S. dollar-denominated notes issued by its subsidiary, Coca-Cola European Partners US, LLC (CCEP US), for new notes issued by CCEP and guaranteed by CCEP US and cash, as well as related consent solicitations.

Concurrently, Shearman & Sterling also advised CCEP US on its solicitations of consents to substitute CCEP as the issuer and principal debtor and CCEP US as the guarantor under certain euro-denominated notes previously issued by CCEP US.

The exchange offers and consent solicitations were made to consolidate CCEP’s debt by aligning the obligor and guarantor of the notes with the most recent issuances of CCEP. By simplifying the capital structure of CCEP and its consolidated subsidiaries, the exchange offers reduced administrative complexity for CCEP.

CCEP is a leading consumer packaged goods company in Europe, producing, distributing and marketing an extensive range of non-alcoholic, ready-to-drink beverages. It is the world’s largest independent Coca-Cola bottler based on revenue.

Shearman & Sterling advised with a team including Lisa Jacobs (Picture), Caroline Leeds Ruby, David Dixter, James Duncan, Jeremy Kutner, Kristen Garry, Simon Letherman, Peter Hayes, Patrick Clancy, Woo Suk Hong, David Shennan, Brian Butterwick, Helene Zotiades, Robert D. Giannattasio, Yaw Asare, Adam Sternberg and Christopher Benedik.

Involved fees earner: Lisa Jacobs – Shearman & Sterling; David Dixter – Shearman & Sterling; James Duncan – Shearman & Sterling; Jeremy Kutner – Shearman & Sterling; Patrick Clancy – Shearman & Sterling; Brian Butterwick – Shearman & Sterling; Helene Zotiades – Shearman & Sterling; Robert Giannattasio – Shearman & Sterling; Yaw Asare – Shearman & Sterling; Caroline Leeds Ruby – Shearman & Sterling; Peter Hayes – Shearman & Sterling; Woo Suk Hong – Shearman & Sterling; David Shennan – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Simon Letherman – Shearman & Sterling; Adam Sternberg – Shearman & Sterling; Christopher Benedik – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Coca-Cola European Partners plc;

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