Coca-Cola Bottling Files To Raise Cash (COKE)
Coca-Cola Bottling Co. (NASDAQ: COKE) filed with the SEC to sell up to $300,000,000 in a mixed securities shelf. The company listed Debt Securities, Preferred Stock, Common Stock, and Class C Common Stock as the possible combination of securities that the company could sell under this offering.
No underwriters were named nor were any financial terms.
The company listed the use of the proceeds as being for generalcorporate purposes including the repayment of debt, investments in orextensions of credit to our subsidiaries, the financing of futureacquisitions or capital expenditures, and working capital.
Coca-Cola Bottling Co. (COKE) shares are down 1.6% at $41.47 rightafter the open. Its 52-week trading range is $31.41 to $64.17.
Jon C. Ogg
November 25, 2008