Global Finance News
09 Dec 2025, 10:20
Coca-Cola Consolidated has entered into a new term loan agreement totaling up to 1.35 billion dollars, comprising a three-year 900 million dollar facility maturing in 2028 and a five-year 450 million dollar facility maturing in 2030. The company borrowed the full amount on December 8, 2025, using the proceeds to refinance a 1.2 billion dollar bridge loan arranged in November and to support general corporate purposes, which may include share buybacks, dividends, capital spending and working capital.
The loans are senior unsecured and carry interest based on either Term SOFR or a base rate, with margins tied to the company’s long-term credit rating. The agreement includes customary covenants and financial ratios, including limits on indebtedness and requirements to maintain minimum cash flow coverage. Lenders may accelerate repayment if events of default occur, including covenant breaches, major litigation judgments, or change of control.
The loans are senior unsecured and carry interest based on either Term SOFR or a base rate, with margins tied to the company’s long-term credit rating. The agreement includes customary covenants and financial ratios, including limits on indebtedness and requirements to maintain minimum cash flow coverage. Lenders may accelerate repayment if events of default occur, including covenant breaches, major litigation judgments, or change of control.