8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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):

June 17, 2005

COCA-COLA BOTTLING CO. CONSOLIDATED

(Exact Name of Registrant as Specified in Charter)

Delaware	0-9286	56-0950585
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

4100 Coca-Cola Plaza, Charlotte, North Carolina 28211

(Address of Principal Executive Offices) (Zip Code)

(704) 557-4400

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On June 17, 2005, Coca-Cola Bottling Co. Consolidated (the “Company”) issued a press release announcing the anticipated pricing for its offer to exchange a new series of Senior Notes due June 15, 2016 for up to $200,000,000 of its outstanding $250,000,000 6 ³/8% Debentures due May 1, 2009 and its $100,000,000 7.20% Debentures due July 1, 2009. A copy of the press release is being filed as Exhibit 99.1 hereto and is incorporated by reference herein.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits.

Exhibit Number	Description
99.1	Press release issued June 17, 2005 announcing the anticipated pricing of the Company’s exchange offer.

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SIGNATURE

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 hereunto duly authorized.

	COCA-COLA BOTTLING CO. CONSOLIDATED (REGISTRANT)
Date: June 20, 2005	By:	/s/ Steven D. Westphal
		Steven D. Westphal
		Principal Financial Officer of the Registrant and Senior Vice President and Chief Financial Officer

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SECURITIES AND EXCHANGE COMMISSION

Washington, DC

EXHIBITS

CURRENT REPORT

ON

FORM 8-K

Date of Earliest Event Reported:	Commission File No:
June 17, 2005	0-9286

COCA-COLA BOTTLING CO. CONSOLIDATED

EXHIBIT INDEX

Exhibit No.	Exhibit Description
99.1	Press release issued June 17, 2005 announcing the anticipated pricing of the Company’s exchange offer.

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EX-99.1

Exhibit 99.1

	News Release
	Media Contact:	Lauren C. Steele VP Corporate Affairs 704-557-4551
	Investor Contact:	Clifford M. Deal, III VP Treasurer 704-557-4633

FOR IMMEDIATE RELEASE	Symbol: COKE
June 17, 2005	Quoted: The Nasdaq Stock Market (National Market)

Coca-Cola Bottling Co. Consolidated

Announces Pricing for Exchange Offer

CHARLOTTE, NC— Coca-Cola Bottling Co. Consolidated (the “Company”) today announced the pricing for its current offer to exchange up to $200,000,000 principal amount of its outstanding $250,000,000 6 ³/8% Debentures due May 1, 2009 (the “6 ³/8% Debentures”) and its $100,000,000 7.20% Debentures due July 1, 2009 (the “7.20% Debentures” and, together with the 6 ³/8% Debentures, the “Old Debentures”) for a new series of Senior Notes due June 15, 2016 (the “New Notes”).

The total exchange price for each $1,000 principal amount of 6 ³/8% Debentures tendered, using a yield of 4.224%, will be $1,075.68, consisting of $1,000 principal amount of New Notes and $85.81 in cash. The total exchange price for each $1,000 principal amount of 7.20% Debentures tendered, using a yield of 4.224%, will be $1,108.95, consisting of $1,000 principal amount of New Notes and $119.08 in cash. The interest rate on the New Notes will be 5.00%, the yield on the New Notes will be 5.122% and the issue price of the New Notes will be $989.87.

Holders who tendered their Old Debentures after 5:00 p.m., New York City time, on June 7, 2005, will receive, for each $1,000 principal amount of Old Debentures tendered, the applicable total exchange price less the early participation payment as specified in the Offering Memorandum.

The exchange offer will expire at midnight, New York City time, on June 21, 2005, unless extended or terminated. The exchange of Old Debentures for New Notes is currently scheduled to occur on June 24, 2005. Consummation of the exchange offer is subject to a number of conditions including the absence of certain adverse legal and market developments.

The exchange offer is being made to holders of Old Debentures that have certified certain matters to the Company, including their status as “qualified institutional buyers” within the meaning of Rule 144A under the Securities Act of 1933 (“Eligible Holders”). An offering memorandum, dated as of May 24, 2005, was distributed to Eligible Holders and is available to Eligible Holders through the information agent, Global Bondholder Services Corporation, at 866-470-4200 or 212-430-3774.

The New Notes have not been registered under the Securities Act or any state securities laws. Therefore, the New Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.

This press release does not constitute an offer to purchase any securities or a solicitation of an offer to sell any securities. The exchange offer is being made only pursuant to an offering memorandum and related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

* * *

Cautionary Information Regarding Forward-Looking Statements

Certain statements in this press release and other information that the Company makes publicly available from time to time may constitute “forward-looking statements” within the meaning of the Federal Securities Litigation Reform Act of 1995. Such statements are based on currently available competitive, financial and economic data along with our operating plans, and are subject to future events and uncertainties that could cause anticipated events not to occur or actual results to differ materially from historical or anticipated results. Among the events or uncertainties which could adversely affect future periods are: lower than expected net pricing resulting from increased marketplace competition; an inability to meet performance requirements for expected levels of marketing funding support payments from The Coca-Cola Company or other beverage companies; changes in how significant customers market or promote our products; reduced advertising and marketing spending by The Coca-Cola Company or other beverage companies; an inability to meet requirements under bottling contracts with The Coca-Cola Company or other beverage companies; the inability of our aluminum can or PET bottle suppliers to meet our demand; significant changes from expectations in the cost of raw materials; higher than expected insurance premiums and fuel costs; lower than anticipated return on pension plan assets; higher than anticipated health care costs; unfavorable interest rate fluctuations; higher than anticipated cash payments for income taxes; unfavorable weather conditions; significant changes in consumer preferences related to nonalcoholic beverages; an inability to increase selling prices, increase bottle/can volume or reduce expenses to offset higher raw material costs; reduced brand and packaging innovation; significant changes in credit ratings impacting the Company’s ability to borrow; terrorist attacks, war or other civil disturbances or national emergencies; and changes in financial markets. Any forward-looking statements in this news release should be read in conjunction with the detailed cautionary statements found on pages 34, 35 and 36 of the Company’s Annual Report on Form 10-K for the fiscal year ended January 2, 2005. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

—Enjoy Coca-Cola—

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