Coca-Cola Consolidated Enters Material Definitive Agreement
Ticker: COKE · Form: 8-K · Filed: May 29, 2024 · CIK: 317540
| Field | Detail |
|---|---|
| Company | Coca-Cola Consolidated, INC. (COKE) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00, $700,000,000, $500,000,000, $2,000, $1,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: COKE
TL;DR
COKE signed a big deal, expect financial moves.
AI Summary
Coca-Cola Consolidated, Inc. (COKE) announced on May 29, 2024, that it entered into a material definitive agreement. This agreement involves a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing also includes financial statements and exhibits related to this event.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Coca-Cola Consolidated, which could impact its future financial performance and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.
Key Players & Entities
- Coca-Cola Consolidated, Inc. (company) — Registrant
- May 29, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Coca-Cola Consolidated enter into?
The filing states that Coca-Cola Consolidated, Inc. entered into a material definitive agreement on May 29, 2024, but does not specify the exact nature of the agreement.
What is the significance of the 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' item?
This item indicates that the agreement entered into by Coca-Cola Consolidated involves a new financial commitment or a contingent liability that may not be immediately reflected on the company's balance sheet.
When was this report filed?
This 8-K report was filed on May 29, 2024.
What is the principal executive office address for Coca-Cola Consolidated, Inc.?
The principal executive offices are located at 4100 Coca-Cola Plaza, Charlotte, NC 28211.
Does the filing provide details on the financial impact of this agreement?
The filing mentions the creation of a financial obligation and includes financial statements and exhibits, but it does not provide specific dollar amounts or detailed financial impact analysis of the agreement itself within the provided text.
Filing Stats: 1,338 words · 5 min read · ~4 pages · Grade level 11.5 · Accepted 2024-05-29 16:16:01
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share COKE The Nasdaq Global Se
- $700,000,000 — ny") completed the issuance and sale of $700,000,000 aggregate principal amount of the Compa
- $500,000,000 — % Notes due 2029 (the "2029 Notes") and $500,000,000 aggregate principal amount of the Compa
- $2,000 — purchase in whole or in part (equal to $2,000 or an integral multiple of $1,000 in ex
- $1,000 — al to $2,000 or an integral multiple of $1,000 in excess thereof) of their Notes at a
Filing Documents
- d836557d8k.htm (8-K) — 34KB
- d836557dex41.htm (EX-4.1) — 209KB
- d836557dex51.htm (EX-5.1) — 15KB
- 0001193125-24-149170.txt ( ) — 431KB
- coke-20240529.xsd (EX-101.SCH) — 3KB
- coke-20240529_lab.xml (EX-101.LAB) — 17KB
- coke-20240529_pre.xml (EX-101.PRE) — 11KB
- d836557d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Second Supplemental Indenture, dated as of May 29, 2024, between Coca-Cola Consolidated, Inc. and Truist Bank, as trustee 4.2 Form of 5.250% Notes due 2029 (included in Exhibit 4.1) 4.3 Form of 5.450% Notes due 2034 (included in Exhibit 4.1) 5.1 Opinion of Moore & Van Allen PLLC 23.1 Consent of Moore & Van Allen PLLC (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COCA-COLA CONSOLIDATED, INC. Date: May 29, 2024 By: /s/ E. Beauregarde Fisher III E. Beauregarde Fisher III Executive Vice President, General Counsel and Secretary