---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-003251"
form_type: "8-K"
ticker: "KDP"
cik: "0001418135"
company_name: "Keurig Dr Pepper Inc."
filed_at: "2025-12-19T23:59:59+00:00"
generated_at: "2026-05-16T12:33:23.012434+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Keurig Dr Pepper enters €10.35B term loan facility to fund JDE Peet's acquisition; bridge credit reduced

## Summary
- 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.

## SEC filing metadata
- accession: 0000950142-25-003251
- form_type: 8-K
- ticker: KDP
- cik: 0001418135
- company_name: Keurig Dr Pepper Inc.
- filed_at: 2025-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000095014225003251/0000950142-25-003251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000095014225003251/eh250718644_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-003251
- JSON: https://secwatch.observer/filing/0000950142-25-003251.json
- Plain text: https://secwatch.observer/filing/0000950142-25-003251.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000095014225003251/0000950142-25-003251-index.htm
- Debt Financings
  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
  source text: to provide KDP with financing under a 364-day term loan facility in an aggregate amount not to exceed €10.35 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000095014225003251/0000950142-25-003251-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.