secwatch.observer — SEC 8-K summary
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Issuer:     Coca-Cola Consolidated, Inc. (COKE)
CIK:        0000317540
Form:       8-K
Filed at:   2025-12-08T23:59:59+00:00
Accession:  0001628280-25-055830
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317540/000162828025055830/0001628280-25-055830-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317540/000162828025055830/coke-20251208.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-055830

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