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AI brief of an SEC Form 8-K · Coca-Cola Consolidated (COKE)

Coca-Cola Consolidated Signs $1.3 Billion in Term Loans and $500 Million Revolver

Neutral Impact 3 of 5 financing Written later

Coca-Cola Consolidated entered into a $1.3 billion term loan agreement and a new $500 million five-year revolving credit facility, both led by Wells Fargo, on June 10, 2024. The revolver replaces the company's existing credit agreement dated July 9, 2021, and the filing says proceeds may be used for general corporate purposes, including stock repurchases and dividends.

Key points

  • Term loans: up to $800 million maturing June 10, 2027, and up to $500 million maturing June 10, 2029, drawable on a delayed basis within 90 days
  • Revolving credit facility: $500 million maturing June 10, 2029, replacing the July 9, 2021 credit agreement
  • Financial covenants require adjusted operating cash flow to fixed charges of at least 1.5 to 1.0 and funded debt to cash flow of no more than 6.0 to 1.0

The filing

CompanyCoca-Cola Consolidated (COKE)
Form8-K, current report
Filed with the SECJun 10, 2024, 4:36 PM ET
Accession number0001193125-24-158384

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.