{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-050682","form_type":"8-K","ticker":"COKE","cik":"0000317540","company_name":"Coca-Cola Consolidated, Inc.","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.701696+00:00","generated_at":"2026-05-16T23:13:22.834881+00:00","sec_items":["1.01","1.02","2.03","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Coca-Cola Consolidated buys back all Coca-Cola Co. shares for $2.4B, funds with $1.2B loan","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-050682","json":"https://secwatch.observer/filing/0001628280-25-050682.json","markdown":"https://secwatch.observer/filing/0001628280-25-050682.md","text":"https://secwatch.observer/filing/0001628280-25-050682.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/0001628280-25-050682-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/coke-20251107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:13:22.834881+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67dfbf8c40d231b1f4aa4ffbed9a032ca370b4a3","claim":"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.","evidence_excerpt":"Also on November 7, 2025, the Company borrowed $1.2 billion under the Bridge Facility, the full amount available under the Bridge Facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/0001628280-25-050682-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$1.2 billion"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR plus the applicable rate"},{"label":"Maturity","value":"364 days after the Repurchase Closing Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}