COCA-COLA ENTERPRISES INC. (a Delaware corporation) $275,000,000 Floating Rate Notes due 2011 TERMS AGREEMENT
COCA-COLA
ENTERPRISES INC.
(a
Delaware corporation)
$275,000,000
Floating Rate Notes due 2011
TERMS
AGREEMENT
Date: May
7, 2008
TO:
COCA-COLA ENTERPRISES INC.
0000
Xxxxx Xxxxx Xxxxxxx
Atlanta,
Georgia 30339
Re:
Underwriting Agreement dated May 7, 2008.
SENIOR
DEBT SECURITIES
Title of
Senior Debt Securities: Floating Rate Notes due 2011
Principal
amount to be issued: $275,000,000
Current
ratings: A3 (Xxxxx’x); A (S&P); A (Fitch)
Interest
Rate: Three-month LIBOR, reset quarterly, plus 60 basis
points
Interest
payment dates: February 6, May 6, August 6 and November 6, beginning
August 6, 2008
Date of
maturity: May 6, 2011
Redemption
provisions: None
Sinking
fund requirements: None
Delayed
Delivery Contracts: Not authorized.
Public
offering price: 100%, plus accrued interest, if any, from May 12,
2008.
Purchase
price: 99.775%, plus accrued interest, if any, from May 12, 2008
(payable in next day funds).
Applicable
Time: 4:37 P.M. on May 7, 2008.
Closing date and
location with respect to registered Securities: May 12, 2008 at 9
A.M. (New York City time), at the offices of Sidley Austin LLP, 000 Xxxxxxx
Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000.
Notice to the
Underwriters pursuant to Section 11 of the Underwriting Agreement shall be given
to: Deutsche Bank Securities Inc., 00 Xxxx Xxxxxx, Xxx Xxxx,
Xxx Xxxx 00000, Attention: Debt Capital Markets—Syndicate Desk,
Facsimile (000) 000-0000, and X.X. Xxxxxx Securities Inc., 000 Xxxx Xxxxxx,
0xx
Xxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Investment Grade
Syndicate Desk, Facsimile (000) 000-0000.
Place of
delivery of Securities: New York, New York
Additional
Agreement of the Underwriters: To the agreements of the Underwriters
included in Section 10 of the Underwriting Agreement is added the
following:
(e) Each
Underwriter represents that it is not subject to any pending proceeding under
Section 8A of the 1933 Act with respect to the offering of Securities, and will
promptly notify the Company if any such proceeding against it is
initiated.
(f) In
relation to each Member State of the European Economic Area which has
implemented the Prospectus Directive (as defined below) (each, a “Relevant
Member State”), that with effect from and including the date on which the
Prospectus Directive is implemented in that Relevant Member State (the “Relevant
Implementation Date”) the Underwriters represent that the Securities will not be
offered to the public in that Relevant Member State prior to the publication of
a prospectus in relation to the Securities which has been approved by the
competent authority in that Relevant Member State or, where appropriate,
approved in another Relevant Member State and notified to the competent
authority in that Relevant Member State, all in accordance with the Prospectus
Directive, except that, with effect from and including the Relevant
Implementation Date, an offer of Securities may be made to the public in that
Relevant Member State at any time: (i) to legal entities which are
authorized or regulated to operate in the financial markets or, if not so
authorized or regulated, whose corporate purpose is solely to invest in
securities; (ii) to any legal entity which has two or more of (1) an
average of at least 250 employees during the last financial year; (2) a
total balance sheet of more than €43,000,000 and (3) an annual net turnover
of more than €50,000,000, as shown in its last annual or consolidated accounts;
(iii) to fewer than 100 natural or legal persons (other than qualified investors
as defined in the Prospectus Directive), subject to obtaining the prior written
consent of the Underwriters; or (iv) in any other circumstances falling under
Article 3(2) of the Prospectus Directive; provided, that no such offers of
Securities shall require the Company or any Underwriter to publish a prospectus
pursuant to Article 3 of the Prospectus Directive
For the
purposes of this provision, the expression an “offer of Securities to the
public” in relation to any Securities in any Relevant Member State means the
communication in any form and by any means of sufficient information on the
terms of the offer and the Securities to be offered so as to enable an investor
to decide to purchase the Securities, as the same may be varied in that Member
State by any measure implementing the Prospectus Directive in that Member State
and the expression “Prospectus Directive” means Directive 2003/71/EC and
includes any relevant implementing measure in each Relevant Member
State.
(g) Each
Underwriter (1) has only communicated or caused to be communicated and will only
communicate or cause to be communicated any invitation or inducement to engage
in investment activity (within the meaning of Section 21 of the Financial
Services and Markets Act
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2000 (the
“FSMA”)) received by it in connection with the issue or sale of Securities in
circumstances in which Section 21(1) of the FSMA does not apply to the
Company and (2) has complied and will comply with all applicable provisions of
the FSMA with respect to anything done by it in relation to the Securities in,
from or otherwise involving the United Kingdom.
Each
Underwriter severally agrees, subject to the terms and provisions of the above
referenced Underwriting Agreement, which is incorporated herein in its entirety
and made a part hereof, to purchase the principal amount of Securities set forth
opposite its name.
Name
|
Principal
Amount
of Securities |
|||
Deutsche
Bank Securities Inc.
|
$ | 110,000,000 | ||
X.X.
Xxxxxx Securities Inc.
|
$ | 110,000,000 | ||
Loop
Capital Markets, LLC
|
$ | 27,500,000 | ||
The
Xxxxxxxx Capital Group, L.P.
|
$ | 27,500,000 | ||
Total
|
$ | 275,000,000 |
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Please
accept this offer by signing a copy of this Terms Agreement in the space set
forth below and returning the signed copy to us.
Very truly yours, | ||||
DEUTSCHE BANK SECURITIES INC. | ||||
|
By: | /s/ XXXXX XXXXXXXXX | ||
Name:
|
Xxxxx Xxxxxxxxx | |||
Title:
|
Director | |||
|
By: | /s/ XXXXX XXXXXXXX | ||
Name:
|
Xxxxx Xxxxxxxx | |||
Title:
|
Director | |||
X.X. XXXXXX SECURITIES INC. | ||||
|
By: | /s/ XXXXXXXX X. XXXXXXX | ||
Name:
|
Xxxxxxx X. Xxxxxxx | |||
Title:
|
Vice President | |||
Acting on behalf of themselves and the other named Underwriters |
Accepted: | |||
COCA-COLA ENTERPRISES INC. | |||
By: | /s/ XXXXX XXXX-XXXXXXXX | ||
Name:
|
Xxxxx Xxxx-Xxxxxxxx | ||
Title:
|
Vice-President and Treasurer | ||
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SCHEDULE
I
a. Issuer
Free Writing Prospectuses
Final
term sheet, dated May 7, 2008, a copy of which is attached hereto.
b. Free
Writing Prospectuses
None.
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SCHEDULE
II
Free
Writing Prospectus
Filed
pursuant to Rule 433
May 7, 2008
Registration
Statement No. 333-144967
Relating
to
Preliminary
Prospectus Supplement dated May 7, 2008 to
Prospectus
dated July 30, 2007
COCA-COLA
ENTERPRISES INC.
Final
Term Sheet for $275,000,000 Floating Rate Notes due 2011
Issuer: Coca-Cola
Enterprises Inc.
Securities
Offered: Floating Rate Notes due 2011
Principal
Amount: $275,000,000
Maturity: May
6, 2011
Public
Offering Price: 100%
Interest
Rate Basis: Three-Month LIBOR
Spread: Plus
60 basis points
Interest
Payment and Reset Dates: Each February 6, May 6, August 6 and
November 6, beginning August 6, 2008
Purchase
Price by Underwriters: 99.775%
Trade
Date: May 7, 2008
Settlement
Date: T + 3 (May 12, 2008)
CUSIP: 191219
BR4
Joint
Book-Running Managers: Deutsche Bank Securities Inc. and X.X. Xxxxxx
Securities Inc.
Co-Managers: Loop
Capital Markets, LLC and The Xxxxxxxx Capital Group, L.P.
The
issuer has filed a registration statement (including a prospectus and a
preliminary prospectus supplement) with the Securities and Exchange Commission
for the offering to which this communication relates. Before you
invest, you should read the prospectus and the preliminary prospectus supplement
in that registration statement and other documents the issuer has filed with the
Securities and Exchange Commission for more complete information about the
issuer and this offering. You may get these documents for free by
visiting XXXXX on the Securities and Exchange Commission’s website at xxx.xxx.xxx. Alternatively,
the issuer, any underwriter or any dealer participating in this offering will
arrange to send you the prospectus and preliminary prospectus supplement if you
request it by calling Deutsche Bank Securities Inc. toll-free at 1-800-503-4611
or X.X. Xxxxxx Securities Inc. collect at 0-000-000-0000.
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