secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001193125-24-158384
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coca-Cola Consolidated enters $1.3B term loan and $500M revolver agreements, replacing prior credit facility
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- New $800M three-year and $500M five-year senior unsecured term loan facilities, maturing June 2027 and 2029 respectively.
- New $500M unsecured revolving credit facility maturing June 2029, replaces existing $500M facility from July 2021.
- Proceeds may be used for general corporate purposes including share repurchases, dividends, working capital, and capex.
- Financial covenants require cash flow/fixed charges ratio >=1.5x and funded indebtedness/cash flow <=6.0x.
- Interest rates and fees are based on the company's long-term debt ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000119312524158384/0001193125-24-158384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000119312524158384/d529254d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-158384

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