Coca-Cola Bottling enters $200 million five-year unsecured revolver

By Aleesia Forni

Columbus, Ohio, Sept. 2 - Coca-Cola Bottling Co. Consolidated entered into a new $200 million five-year unsecured revolving credit facility, according to an 8-K filed with the Securities and Exchange Commission on Monday.

J.P. Morgan Securities LLC and an affiliate of Citigroup Global Markets Inc. are joint lead arrangers and joint bookrunners.

JPMorgan Chase Bank NA will act as administrative agent and provide $50 million of the facility.

An affiliate of Citigroup Global Markets Inc. will provide $50 million of the facility and act as syndication agent.

This facility replaces an existing credit agreement set to expire on March 8, 2012.

Borrowings will be available for general corporate purposes.

Coca-Cola Bottling is a Charlotte, N.C.-based maker, seller and distributer of Coca-Cola products.

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