NasdaqGS:COKEBeverage
Should Coca-Cola Consolidated’s US$1.35 Billion Term Loan Refinancing Require Action From COKE Investors?
On December 8, 2025, Coca-Cola Consolidated, Inc. entered into two senior unsecured term loan facilities totaling US$1.35 billion, maturing in 2028 and 2030, to refinance a US$1.20 billion bridge loan and support general corporate purposes.
The new financing, with interest rates tied to Term SOFR or a base rate and governed by cash flow and leverage covenants, materially reshapes the company’s balance sheet flexibility and potential capital allocation options.
We’ll now examine how this...