Coca-Cola Consolidated enters $1.35B term loan facilities, refinances bridge loan

Coca-Cola Consolidated, Inc.

Borrowed $900M three-year and $450M five-year unsecured term loans on Dec 8, 2025.
Proceeds used to refinance $1.2B bridge loan from Nov 2025 and for general corporate purposes.
Interest rates based on Term SOFR or Base Rate plus spreads from 0.75%-1.5% depending on debt rating.
Financial covenants require cash flow/fixed charges ratio ≥1.5x and funded debt/cash flow ≤6.0x.
Facilities arranged by Wells Fargo, BofA, PNC, Truist; South State as documentation agent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Coca-Cola Consolidated, Inc. entered into Term Loan Agreement with Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto valued at $1.35 billion (effective 2025-12-08).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto
Value: $1.35 billion
Effective: 2025-12-08

Exact text from the filing

On December 8, 2025, Coca-Cola Consolidated, Inc. (the “Company”) entered into a term loan agreement (the “Term Loan Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other lenders party thereto, providing for a senior unsecured term loan facility in the aggregate principal amount of up to $900 million, maturing on December 8, 2028 (the “Three-Year Term Loan Facility”), and a senior unsecured term loan facility in the aggregate principal amount of up to $450 million maturing on December 6, 2030 (the “Five-Year Term Loan Facility” and, together with the Three-Year Term Loan Facility, the “Term Loan Facilities”).

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Coca-Cola Consolidated, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-055830

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