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

Coca-Cola Consolidated repurchases $2.4 billion of shares held by Coca-Cola Co.

Mixed Impact 4 of 5 shareholder Written later

Coca-Cola Consolidated bought all 18.8 million shares held by a subsidiary of The Coca-Cola Company for approximately $2.4 billion, with the purchase closing on November 7, 2025. The company funded it with cash on hand and a $1.2 billion 364-day bridge term loan, and its board cut the share repurchase program from $1 billion to $400 million. For shareholders, the deal ends the stock rights agreement with The Coca-Cola Company and removes that holder, but it adds $1.2 billion of new borrowing.

Key points

  • Purchased 18.8 million shares at $127 per share, for about $2.4 billion, under an agreement dated November 7, 2025.
  • Funded with cash on hand and a $1.2 billion 364-day Wells Fargo bridge loan, which bears interest at Term SOFR plus 1.000% based on the current debt rating.
  • Elaine Bowers Coventry resigned from the board effective at closing, and The Coca-Cola Company gave up its board seat.
  • Share repurchase authorization reduced from $1 billion to $400 million, with about $136.3 million remaining.

The filing

CompanyCoca-Cola Consolidated (COKE)
Form8-K, current report
Filed with the SECNov 7, 2025, 4:32 PM ET
Accession number0001628280-25-050682

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 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 November 07, 2025.

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.