Keurig Dr Pepper issues $2B in senior notes for general corporate purposes

Keurig Dr Pepper Inc.

Issued $500M Floating Rate Notes due 2026, $500M 4.350% Notes due 2028, $500M 4.600% Notes due 2030, $500M 5.150% Notes due 2035.
Net proceeds estimated at ~$1.986B after underwriting discounts and offering expenses.
Proceeds to be used for general corporate purposes, including repayment of commercial paper and/or outstanding senior notes.
Closing expected on May 5, 2025, subject to customary closing conditions.

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