Flowers Foods Files 8-K on Material Agreement & Financials

TL;DR

Flowers Foods filed an 8-K on Feb 5th for a material agreement and financial updates.

AI Summary

Flowers Foods, Inc. filed an 8-K on February 7, 2025, reporting on events that occurred on February 5, 2025. The filing indicates the entry into a material definitive agreement, results of operations and financial condition, and the creation of a direct financial obligation. Specific details regarding the agreement, financial results, or obligations were not provided in the excerpt.

Why It Matters

This 8-K filing signals significant corporate activity for Flowers Foods, Inc., potentially impacting its financial obligations and operational performance.

Risk Assessment

Risk Level: medium — The filing mentions a material definitive agreement and financial obligations, which could introduce new risks or alter existing ones for the company.

Key Numbers

• 1-16247 — SEC File Number (Identifier for Flowers Foods, Inc.'s SEC filings.)
• 58-2582379 — IRS Employer Identification No. (Tax identification number for Flowers Foods, Inc.)

Key Players & Entities

• FLOWERS FOODS, INC. (company) — Registrant
• February 7, 2025 (date) — Filing Date
• February 5, 2025 (date) — Earliest Event Date
• Georgia (jurisdiction) — State of Incorporation
• Thomasville, GA (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share FLO New York Stock Exchan
• $500.0 million — oration (the "Company"), entered into a $500.0 million senior unsecured revolving credit facil
• $50.0 million — e 2025 Revolving Credit Facility, up to $50.0 million of availability may be drawn in the for
• $700.0 million — y may increase the commitments to up to $700.0 million if certain conditions are met. Borrow

Filing Documents

• flo-20250205.htm (8-K) — 68KB
• flo-ex10_1.htm (EX-10.1) — 1397KB
• flo-ex99_1.htm (EX-99.1) — 878KB
• img238579036_0.jpg (GRAPHIC) — 25KB
• 0000950170-25-015852.txt ( ) — 2728KB
• flo-20250205.xsd (EX-101.SCH) — 29KB
• flo-20250205_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On February 5, 2025, Flowers Foods Inc., a Georgia corporation (the "Company"), entered into a $500.0 million senior unsecured revolving credit facility (the "2025 Revolving Credit Facility") pursuant to a Credit Agreement (the "2025 Revolving Credit Agreement"), dated as of February 5, 2025, with certain financial institutions party thereto as lenders and Wells Fargo Bank, National Association, as administrative agent. The 2025 Revolving Credit Facility refinances and replaces the Company's $500.0 million revolving credit facility entered into pursuant to that certain Credit Agreement, dated as of October 24, 2003 (as amended, restated, modified and/or supplemented from time to time), among the Company, certain financial institutions party thereto as lenders, and Deutsche Bank Trust Company Americas, as administrative agent (the "Prior Revolving Credit Agreement"). The maturity date of the Prior Revolving Credit Agreement was July 30, 2026. No borrowings were outstanding under the Prior Revolving Credit Agreement upon its termination. The 2025 Revolving Credit Facility has an initial maturity date of February 5, 2030. Under the 2025 Revolving Credit Facility, up to $50.0 million of availability may be drawn in the form of letters of credit and up to $50.0 million of availability may be drawn in the form of swing line loans. The 2025 Revolving Credit Facility also includes an incremental facility whereby the Company may increase the commitments to up to $700.0 million if certain conditions are met. Borrowings under the 2025 Revolving Credit Facility bear interest, at the option of the Company, based on the Secured Overnight Financing Rate ("SOFR") or the "base rate" plus, in each case, plus an applicable margin. The applicable margin is determined by reference to a pricing grid set forth in the 2025 Revolving Credit Agreement based on the Company's leverage and debt rating, ranging from a maximum of 1.525%

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 7, 2025, the Company issued a press release announcing (i) its financial condition and results of operations as of and for the 12 and 52 weeks ended December 28, 2024, and (ii) guidance for fiscal 2025. A copy of the press release is furnished with this Report as Exhibit 99.1 . Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Credit Agreement, dated as of February 5, 2025, by and among Flowers Foods, Inc., the financial institutions party thereto as lenders, and Wells Fargo Bank, National Association, as administrative agent.* 99.1 Press Release of Flowers Foods, Inc. dated February 7, 2025. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will furnish supplementally a copy of any omitted exhibits or schedules to the Securities and Exchange Commission upon request.

SIGNATURES

SIGNATURES 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. FLOWERS FOODS, INC. By: /s/ R. Steve Kinsey Name: R. Steve Kinsey Title: Chief Financial Officer Date: February 7, 2025

View Full Filing

View this 8-K filing on SEC EDGAR