SEC Form 8-K filed by Coca-Cola Consolidated Inc.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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| Item 1.02. | Termination of a Material Definitive Agreement |
On June 20, 2024, Coca-Cola Consolidated, Inc. (the “Company”) gave notice, effective as of June 27, 2024, of its permanent reduction to zero of the commitments under its term loan agreement (the “Term Loan Agreement”) dated as of June 10, 2024 by and among the Company, Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and the other lenders party thereto. The Term Loan Agreement provided for a senior unsecured term loan facility in the aggregate principal amount of up to $800 million, maturing on June 10, 2027 (the “Three-Year Term Loan Facility”), and a senior unsecured term loan facility in the aggregate principal amount of up to $500 million maturing on June 10, 2029 (the “Five-Year Term Loan Facility” and, together with the Three-Year Term Loan Facility, the “Term Loan Facilities”). Upon the effectiveness of the notice, the aggregate commitments under the Term Loan Facilities will be reduced in accordance with their terms from $1,300 million to zero. There are no amounts outstanding under the Term Loan Facilities.
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 24, 2024 | By: | /s/ F. Scott Anthony | ||||
| F. Scott Anthony | ||||||
| Executive Vice President and Chief Financial Officer | ||||||