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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
January 15, 1999
COCA-COLA BOTTLING CO. CONSOLIDATED
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(Exact name of registrant as specified in its charter)
Delaware 0-9286 56-0950585
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
1900 Rexford Road, Charlotte, North Carolina 28211
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(Address of principal executive offices Zip Code)
(704) 551-4400
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Registrant's telephone number, including area code
Item 5. Other Events
On January 15, 1999, the Company purchased approximately $155 million of
equipment (principally vehicles and vending equipment) previously leased under
various operating lease agreements. The assets purchased will continue to be
used in the distribution and sale of the Company's products and will be
depreciated over their remaining useful lives, which range from 3 years to 12.5
years. The Company used a combination of its revolving credit facility and its
informal lines of credit with certain banks to finance this purchase.
As a result of this purchase, the Company's total cost of ownership of this
equipment in the future is expected to be slightly lower.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized:
COCA-COLA BOTTLING CO. CONSOLIDATED
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(REGISTRANT)
Date: February 19, 1999 BY: /s/ David V. Singer
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David V. Singer
Principal Financial Officer of the
Registrant and Vice President,
Chief Financial Officer