Coca-Cola Consolidated borrows $1.35B in new term loans to refinance bridge debt

Filed December 8, 2025 · Period ending December 8, 2025 · ~1 min read

Key Changes

• high

  COKE drew $1.35 billion across two new term loan facilities: $900 million maturing in 2028 and $450 million maturing in 2030, both with Wells Fargo as administrative agent.

  Item 1.01 verify on EDGAR →
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  Proceeds refinance a $1.20 billion bridge loan from November 2025, leaving $150 million for general corporate purposes including potential stock buybacks, dividends, and capital expenditures.

  Item 1.01 verify on EDGAR →
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  Company must maintain two financial covenants: cash flow at least 1.5x fixed charges and total debt no more than 6.0x cash flow. Violations could trigger default and immediate repayment demands.

  Item 1.01 verify on EDGAR →