Coca-Cola Consolidated, Inc. (COKE): debt financing — Coca-Cola Consolidated buys back all Coca-Cola Co. shares for $2.4B, funds with $1.2B loan

Coca-Cola Consolidated, Inc.

Repurchased 18.8M shares at $127/share from Coca-Cola Co. subsidiary for ~$2.4B, funded with cash and $1.2B 364-day term loan.
TCCC relinquishes its board seat; director Elaine Bowers Coventry resigns effective Nov 7, 2025 in connection with the transaction.
Board reduces share repurchase authorization from $1B to $400M; remaining ~$136.3M available under the revised program.
Company expects to refinance the $1.2B term loan with new term loan facilities in the near future.
Chairman/CEO J. Frank Harrison III says transaction builds long-term value and signals confidence in the U.S. Coca-Cola system.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Coca-Cola Consolidated, Inc. incurred term loan of $1.2 billion with Wells Fargo Bank, National Association at Term SOFR plus the applicable rate maturing 364 days after the Repurchase Closing Date.

Instrument: term loan
Principal: $1.2 billion
Counterparty: Wells Fargo Bank, National Association
Rate: Term SOFR plus the applicable rate
Maturity: 364 days after the Repurchase Closing Date
Event: incurrence

Exact text from the filing

Also on November 7, 2025, the Company borrowed $1.2 billion under the Bridge Facility, the full amount available under the Bridge Facility.

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317 debt financings filed in the last 30 days. Browse all debt financings →

Coca-Cola Consolidated, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-050682

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