Coca-Cola Consolidated Enters Material Definitive Agreement
Ticker: COKE · Form: 8-K · Filed: Jun 10, 2024 · CIK: 317540
| Field | Detail |
|---|---|
| Company | Coca-Cola Consolidated, INC. (COKE) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $1.00, $800 m, $500 million, $50 million, $75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Coke Consolidated just signed a big deal, filing it with the SEC.
AI Summary
Coca-Cola Consolidated, Inc. announced on June 10, 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 obligations 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
- June 10, 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, which creates a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on June 10, 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.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the SIC code for Coca-Cola Consolidated, Inc.?
The Standard Industrial Classification (SIC) code for Coca-Cola Consolidated, Inc. is 2086, which corresponds to BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS.
Filing Stats: 2,082 words · 8 min read · ~7 pages · Grade level 12.1 · Accepted 2024-06-10 16:36:55
Key Financial Figures
- $1.00 — ich registered Common Stock, par value $1.00 per share COKE The NASDAQ Global Se
- $800 m — the aggregate principal amount of up to $800 million, maturing on June 10, 2027 (the "
- $500 million — the aggregate principal amount of up to $500 million maturing on June 10, 2029 (the "Five-Ye
- $50 million — Wells Fargo, as swingline lender, up to $50 million. Letters of credit are available from W
- $75 million — olving Credit Facility Agreement, up to $75 million in the aggregate. Subject to obtaining
- $250 million — edit Facility may be increased by up to $250 million. Amounts borrowed under the Term Loan
- $150 million — ompany or its subsidiaries in excess of $150 million in the aggregate, (v) bankruptcy or ins
Filing Documents
- d529254d8k.htm (8-K) — 38KB
- d529254dex101.htm (EX-10.1) — 495KB
- d529254dex102.htm (EX-10.2) — 588KB
- 0001193125-24-158384.txt ( ) — 1499KB
- coke-20240610.xsd (EX-101.SCH) — 3KB
- coke-20240610_lab.xml (EX-101.LAB) — 17KB
- coke-20240610_pre.xml (EX-101.PRE) — 11KB
- d529254d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Term Loan Agreement, dated as of June 10, 2024, by and among the Company, Wells Fargo Bank, National Association, as administrative agent, and the other lenders party thereto. 10.2 Amended and Restated Credit Agreement, dated as of June 10, 2024, by and among the Company, Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender, and the other lenders party thereto. 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: June 10, 2024 By: /s/ F. Scott Anthony F. Scott Anthony Executive Vice President and Chief Financial Officer