---
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"
generated_at: "2026-05-16T23:13:22.834881+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Coca-Cola Consolidated buys back all Coca-Cola Co. shares for $2.4B, funds with $1.2B loan

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-050682
- JSON: https://secwatch.observer/filing/0001628280-25-050682.json
- Plain text: https://secwatch.observer/filing/0001628280-25-050682.txt

## Key facts
- Debt Financings
  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
  source text: Also on November 7, 2025, the Company borrowed $1.2 billion under the Bridge Facility, the full amount available under the Bridge Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/317540/000162828025050682/0001628280-25-050682-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.