Keurig Dr Pepper Inc. (KDP): debt financing — KDP subsidiary issues €3.0B and $2.55B in notes to finance JDE Peet's acquisition

Keurig Dr Pepper Inc.

Maple Parent Holdings issued €3.0B in euro notes (4 tranches, 3.495%-4.728%) and $2.55B in USD notes (4 tranches, 4.750%-6.625%).
Proceeds will fund the acquisition of JDE Peet's; notes face special mandatory redemption if deal fails to close by Feb 24, 2027.
Notes rank equally with unsubordinated debt; initially guaranteed by KDP and its subsidiaries guaranteeing other senior debt.
Interest rate step-up of 0.25% per rating downgrade (max 2.00% increase) applies on Moody's/S&P downgrades below Baa3/BBB-.
Issuer may redeem at make-whole premium before par call dates; after, at 100% of principal plus accrued interest.

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. incurred senior notes of €3.0 billion euro denominated notes and $2.55 billion USD denominated notes with U.S. Bank Trust Company, National Association at 3.495% notes due 2028, 3.881% notes due 2030, 4.224% notes due 2032, 4.728% note maturing 2028 Notes mature on March 26, 2028, 2030 Notes mature on March 26, 2030, 2032 Notes mature on March 26, 2032, 2035 Notes mature on March 26, 2035; USD Notes: 2.

Instrument: senior notes
Principal: €3.0 billion euro denominated notes and $2.55 billion USD denominated notes
Counterparty: U.S. Bank Trust Company, National Association
Rate: 3.495% notes due 2028, 3.881% notes due 2030, 4.224% notes due 2032, 4.728% note
Maturity: 2028 Notes mature on March 26, 2028, 2030 Notes mature on March 26, 2030, 2032 Notes mature on March 26, 2032, 2035 Notes mature on March 26, 2035; USD Notes: 2
Event: incurrence

Exact text from the filing

Maple Parent Holdings Corp. (the "Issuer"), a wholly-owned subsidiary of the Company, completed its previously announced private offerings of €3.0 billion euro denominated notes (the "Euro Notes") and $2.55 billion USD denominated notes (the "USD Notes" and, together with the Euro Notes, the "Notes").

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. entered into Indenture for Euro Notes and USD Notes with U.S. Bank Trust Company, National Association valued at Issuance of €3.0 billion Euro Notes and $2.55 billion USD Notes with various interest rates and matu (effective 2026-03-26).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: Issuance of €3.0 billion Euro Notes and $2.55 billion USD Notes with various interest rates and matu
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, Keurig Dr Pepper Inc. (the “Company”) announced that Maple Parent Holdings Corp. (the “Issuer”), a wholly-owned subsidiary of the Company, completed its previously announced private offerings of €3.0 billion euro denominated notes (the “Euro Notes”) and $2.55 billion USD denominated notes (the “USD Notes” and, together with the Euro Notes, the “Notes”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-26-126214

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