secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001193125-21-214151
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coca-Cola Consolidated enters new $500M revolver and $70M term loan, refinances existing debt
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- New $500M unsecured revolving credit facility matures July 9, 2026; replaces $500M 2018 facility.
- New $70M unsecured term loan facility matures July 9, 2024; fully drawn on July 9, 2021.
- $55M of term loan proceeds used to refinance 2018 revolver borrowings; $15M for general corporate purposes.
- Covenants: consolidated cash flow/fixed charges ratio >= 1.5:1; funded debt/cash flow ratio <= 6.0:1.
- Rates tied to debt ratings; current LIBOR spread 0.875%, facility fee 0.125%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000119312521214151/0001193125-21-214151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000119312521214151/d142070d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-214151

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