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Coca-Cola HBC Secures New EUR 1.2 Billion Credit Facility

Story Highlights
  • Coca-Cola HBC replaces its EUR 800 million credit facility with a new EUR 1.2 billion facility.
  • The new facility is sustainability-linked, enhancing financial flexibility and market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Coca-Cola HBC Secures New EUR 1.2 Billion Credit Facility

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Coca Cola HBC ( (GB:CCH) ) just unveiled an announcement.

Coca-Cola HBC AG has announced the replacement of its existing EUR 800 million Syndicated Multi-Currency Revolving Credit Facility with a new EUR 1.2 billion facility, extending the term to five years with an option for an additional two years. This new facility, which is sustainability-linked, is expected to support the company’s general corporate purposes and reflects its commitment to sustainable growth, potentially strengthening its financial flexibility and market position.

The most recent analyst rating on (GB:CCH) stock is a Hold with a £29.20 price target. To see the full list of analyst forecasts on Coca Cola HBC stock, see the GB:CCH Stock Forecast page.

Spark’s Take on GB:CCH Stock

According to Spark, TipRanks’ AI Analyst, GB:CCH is a Outperform.

Coca-Cola HBC demonstrates strong overall performance, driven by robust financial health and positive earnings call outcomes. Technical indicators support a bullish outlook, though valuation metrics suggest moderate attractiveness. Strategic initiatives and market gains further bolster confidence, facing challenges with inflation and emerging market conditions.

To see Spark’s full report on GB:CCH stock, click here.

More about Coca Cola HBC

Coca-Cola HBC is a consumer packaged goods company and a strategic bottling partner of The Coca-Cola Company. It aims to be a leading 24/7 beverage partner, offering a wide range of drinks across 29 countries, serving 750 million consumers. The company is recognized for its strong portfolio, including brands like Coca-Cola, Fanta, Sprite, and Costa Coffee, and is committed to sustainability and socio-economic development.

Average Trading Volume: 904,777

Technical Sentiment Signal: Buy

Current Market Cap: £14.29B

See more insights into CCH stock on TipRanks’ Stock Analysis page.

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