8-K
filed December 19, 2025, 6:59 PM ET
ticker KDP
CIK 0001418135
debt
confidence high
sentiment neutral
materiality 0.90
Keurig Dr Pepper Inc. (KDP): debt financing — Keurig Dr Pepper enters €10.35B term loan facility to fund JDE Peet's acquisition; bridge credit reduced
Keurig Dr Pepper Inc.
- 364-day term loan facility: up to €10.35B, interest margin EURIBOR + 0.75%-1.75% based on credit ratings.
- Bridge Credit Agreement commitments reduced by €10.35B, from €16.2B to €5.85B.
- Proceeds will fund the pending acquisition of JDE Peet’s N.V.
- Undrawn commitments subject to commitment fee of 0.06%-0.20% p.a. starting Dec 23, 2025.
- Mandatory prepayment triggers include net cash proceeds from certain asset sales and debt/equity issuances.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Keurig Dr Pepper Inc. amended credit facility of from €16.2 billion to €5.85 billion.
- Instrument
- credit facility
- Principal
- from €16.2 billion to €5.85 billion
- Event
- amendment
Exact text from the filing
lenders’ commitment to provide KDP with financing under a 364-day senior unsecured bridge loan facility was reduced by €10.35 billion, from €16.2 billion to €5.85 billion.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Keurig Dr Pepper Inc. incurred term loan of €10.35 billion with Morgan Stanley Senior Funding, Inc. at EURIBO rate plus a margin of 0.750% to 1.750% maturing 364-day.
- Instrument
- term loan
- Principal
- €10.35 billion
- Counterparty
- Morgan Stanley Senior Funding, Inc.
- Rate
- EURIBO rate plus a margin of 0.750% to 1.750%
- Maturity
- 364-day
- Event
- incurrence
Exact text from the filing
to provide KDP with financing under a 364-day term loan facility in an aggregate amount not to exceed €10.35 billion.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Keurig Dr Pepper Inc. amended Amendment No. 1 to Bridge Credit Agreement with Morgan Stanley Senior Funding, Inc. (MSSF) valued at €10.35 billion reduction to €5.85 billion (effective 2025-12-18).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc. (MSSF)
- Value
- €10.35 billion reduction to €5.85 billion
- Effective
- 2025-12-18
Exact text from the filing
On December 18, 2025, the Company entered into an amendment (the “ Amendment No. 1 ”) to its Bridge Credit Agreement, dated August 24, 2025 (the “ Bridge Credit Agreement ”), with the lenders party thereto and MSSF, as administrative agent. Pursuant to the Amendment No. 1, lenders’ commitment to provide KDP with financing under a 364-day senior unsecured bridge loan facility was reduced by €10.35 billion, from €16.2 billion to €5.85 billion.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Keurig Dr Pepper Inc. entered into Term Loan Agreement with Morgan Stanley Senior Funding, Inc. (MSSF) valued at €10.35 billion (effective 2025-12-18).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Morgan Stanley Senior Funding, Inc. (MSSF)
- Value
- €10.35 billion
- Effective
- 2025-12-18
Exact text from the filing
On December 18, 2025, Keurig Dr Pepper Inc. (“ KDP ” or the “ Company ”) entered into a Term Loan Agreement (the “ Term Loan Agreement ”), with the lenders party thereto and Morgan Stanley Senior Funding, Inc. (“ MSSF ”), as administrative agent, pursuant to which each lender has committed, subject to satisfaction of certain conditions set forth in the Term Loan Agreement, to provide KDP with financing under a 364-day term loan facility in an aggregate amount not to exceed €10.35 billion.
View on SEC.gov
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