Coca-Cola Consolidated Enters Material Definitive Agreement

Ticker: COKE · Form: 8-K · Filed: 2024-05-29T00:00:00.000Z

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

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.

From the Filing

0001193125-24-149170.txt : 20240529 0001193125-24-149170.hdr.sgml : 20240529 20240529161601 ACCESSION NUMBER: 0001193125-24-149170 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240529 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240529 DATE AS OF CHANGE: 20240529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Coca-Cola Consolidated, Inc. CENTRAL INDEX KEY: 0000317540 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 560950585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09286 FILM NUMBER: 24998624 BUSINESS ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 9803928298 MAIL ADDRESS: STREET 1: 4100 COCA COLA PLZ CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: COCA COLA BOTTLING CO CONSOLIDATED /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 d836557d8k.htm 8-K 8-K false 0000317540 0000317540 2024-05-29 2024-05-29     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 29, 2024     COCA-COLA CONSOLIDATED, INC. (Exact name of registrant as specified in its charter)       Delaware   0-9286   56-0950585 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   4100 Coca-Cola Plaza Charlotte , NC   28211 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (980) 392-8298     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1.00 per share   COKE   The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. On May 29, 2024, Coca-Cola Consolidated, Inc. (the “Company”) completed the issuance and sale of $700,000,000 aggregate principal amount of the Company’s 5.250% Notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of the Company’s 5.450% Notes due 2034 (the “2034 Notes” and, together with the 2029 Notes, the “Notes”). The Notes are governed by, and the Company issued

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