UPDATE: Coca-Cola Consolidated Buys Back 18.8M Shares from The Coca-Cola Company For $2.4B At $127/Share

Coca-Cola Consolidated has purchased all outstanding shares of its common stock owned by a subsidiary of The Coca-Cola Company, the companies announced today.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251107164699/en/

Under a purchase agreement dated Nov. 7, 2025, Coca-Cola Consolidated purchased 18.8 million shares of common stock owned by The Coca-Cola Company via its indirect wholly owned subsidiary Carolina Coca-Cola Bottling Investments, Inc. The price was $127 per share, for an aggregate purchase price of approximately $2.4 billion.

The purchase was funded by Coca-Cola Consolidated with a combination of cash on hand and a $1.2 billion, 364-day term loan facility that is expected to be refinanced with new term loan facilities in the near future.