secwatch.observer — SEC 8-K summary
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Issuer:     Keurig Dr Pepper Inc. (KDP)
CIK:        0001418135
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001193125-24-062259
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Keurig Dr Pepper issues $3.0B in senior unsecured notes across five tranches
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- $3.0B issuance: $350M floating rate (SOFR+0.880%), $750M 5.100% '27, $750M 5.050% '29, $500M 5.200% '31, $650M 5.300% '34.
- Floating rate notes mature Mar 2027; fixed rate notes mature Mar 2027, 2029, 2031, 2034.
- Notes unsecured, rank equally with existing unsubordinated debt; guaranteed by certain domestic subsidiaries.
- Change of control triggering event requires company to offer repurchase at 101% of principal plus accrued interest.
- Interest payable semi-annually (fixed) and quarterly (floating); first payments Jun 15 (floating) and Sep 15, 2024 (fixed).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418135/000119312524062259/0001193125-24-062259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418135/000119312524062259/d767072d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-062259

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