{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-064353","form_type":"8-K","ticker":"KDP","cik":"0001418135","company_name":"Keurig Dr Pepper Inc.","filed_at":"2026-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.035204+00:00","generated_at":"2026-05-16T01:06:33.853930+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"KDP updates JDE Peet's financing: upsizes convertible preferred to $4.5B, no Beverage Co. IPO","bullets":["JDE Peet's acquisition targeted for early April 2026; projected combined net leverage of 4.5x as of June 30, 2026.","Convertible preferred equity upsized from $3B to $4.5B; new investors include T. Rowe Price; partial IPO scrapped.","Pod Manufacturing JV finalized: KDP contributes U.S./Canada manufacturing; Apollo, KKR, GS invest $4B for 49% stake.","Acquisition forecast ~10% EPS accretive in first full year; separation (spin-off) targeted operationally ready by year-end 2026.","Long-term debt of ~$9B to be issued by future Global Coffee Co.; assumes ~$5B of existing JDE Peet's bonds."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-064353","json":"https://secwatch.observer/filing/0001193125-26-064353.json","markdown":"https://secwatch.observer/filing/0001193125-26-064353.md","text":"https://secwatch.observer/filing/0001193125-26-064353.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418135/000119312526064353/0001193125-26-064353-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418135/000119312526064353/d897620d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:06:33.853930+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3f2e67ded96a41e34c2ea52b99f5fee2b630cc9b","claim":"Keurig Dr Pepper Inc. entered into Transaction Agreement with Apollo Global Management, Inc., KKR & Co. Inc. and Goldman Sachs Asset Management, L.P. valued at JV Investor Partner will make a capital contribution of $4.0 billion for 49% interest; KDP to retain (effective 2026-02-23).","evidence_excerpt":"On February 23, 2026, KDP entered into a Transaction Agreement (the “ Transaction Agreement ”) by and among the Company, Keurig JV, LP, a Delaware limited partnership (the “ Pod Manufacturing JV ”), Keurig Green Mountain, Inc., a Delaware corporation (“ KGM ”), KGM Manufacturing LLC, a Delaware limited liability company (“ KGMM ”), Keurig Production Holding, LLC, a Delaware limited liability company (“ Keurig USA Partner ”), a Luxembourg private limited liability company to be designated that is a wholly owned subsidiary of the Company (“ Keurig Lux Partner ” and, together with the Company, KGM, KGMM and Keurig USA Partner, the “ Keurig Partners ”), and an investment vehicle (the “ JV Investor Partner ”) held and managed by certain funds or accounts managed, advised or sub-advised by each of Apollo Global Management, Inc., KKR & Co. Inc. and Goldman Sachs Asset Management, L.P.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418135/000119312526064353/0001193125-26-064353-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Apollo Global Management, Inc., KKR & Co. Inc. and Goldman Sachs Asset Management, L.P."},{"label":"Value","value":"JV Investor Partner will make a capital contribution of $4.0 billion for 49% interest; KDP to retain"},{"label":"Effective","value":"2026-02-23"}]},{"claim_id":"c965c80f451f862b981d2286ebe4e66f4982cc4d","claim":"Keurig Dr Pepper Inc. amended Amendment to Preferred Investment Agreement with KKR Investor, Apollo Investor and other Preferred Investors valued at Company agreed to issue and sell 4,500,000 shares of Series A Convertible Perpetual Preferred Stock (effective 2026-02-23).","evidence_excerpt":"On February 23, 2026, KDP entered into an Amendment (the “ Amendment to Preferred Investment Agreement ”) to the Investment Agreement, dated as of October 27, 2025 (as amended, the “ Preferred Investment Agreement ”), by and among the Company, Pour Purchaser L.P. (together with its affiliates, the “ KKR Investor ”), AP Pour Holdings, L.P. (together with its affiliates, the “ Apollo Investor ”) and certain other investors party thereto (collectively with any other investor that becomes a party thereto, the “ Preferred Investors ”), pursuant to which the Company agreed to issue and sell to the Preferred Investors, and the Preferred Investors agreed to purchase from the Company, 4,500,000 shares of a new series of Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “ Convertible Preferred Stock ”), of KDP for a purchase price per share of $1,000 and an aggregate purcha","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418135/000119312526064353/0001193125-26-064353-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"KKR Investor, Apollo Investor and other Preferred Investors"},{"label":"Value","value":"Company agreed to issue and sell 4,500,000 shares of Series A Convertible Perpetual Preferred Stock"},{"label":"Effective","value":"2026-02-23"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}