Summary by Moomoo AI
Coca-Cola Consolidated has announced the termination of its term loan agreement with Wells Fargo Bank and other lenders, effective June 27, 2024. The agreement, originally dated June 10, 2024, consisted of two facilities: an $800 million three-year term loan facility maturing in 2027 and a $500 million five-year term loan facility maturing in 2029.The company has given notice to permanently reduce the total commitments under both facilities from $1.3 billion to zero. Notably, there were no outstanding amounts under either of the Term Loan Facilities at the time of termination.
