secwatch / observer
8-K filed April 1, 2026, 7:59 PM ET ticker KDP CIK 0001418135
M&A confidence high sentiment positive materiality 0.90

KDP completes €14.86B acquisition of JDE Peet's; appoints Rafael Oliveira as CEO of future Global Coffee Co.

Keurig Dr Pepper Inc.

item 1.01item 1.02item 2.01item 3.02item 5.03item 7.01item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Keurig Dr Pepper Inc. issued 4,500,000 shares of preferred stock to KKR Investor, Apollo Investor and certain other investors (Preferred Investors) for $4.5 billion aggregate purchase price, $1,000 per share.

Security
preferred stock
Shares
4,500,000 shares
Purchaser
KKR Investor, Apollo Investor and certain other investors (Preferred Investors)
Consideration
$4.5 billion aggregate purchase price, $1,000 per share
Exact text from the filing
On March 30, 2026, Keurig Dr Pepper Inc. (“KDP” or the “Company”) issued and sold, for an aggregate purchase price of $4.5 billion, 4,500,000 shares of its newly created Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “Convertible Preferred Stock”), at a price of $1,000 per share, pursuant to an Investment Agreement, dated as of October 27, 2025, 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 party thereto, the “Preferred Investors”)
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Keurig Dr Pepper Inc.: Filed Certificate of Designations to create Series A Convertible Perpetual Preferred Stock (effective 2026-03-30).

Change
charter amendment
Effective
2026-03-30
Exact text from the filing
On March 30, 2026, the Company filed the Certificate of Designations with the Secretary of State of the State of Delaware to establish and fix the terms of the Convertible Preferred Stock.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. entered into Amended and Restated Limited Partnership Agreement of the Pod Manufacturing JV (A&R LPA) with certain subsidiaries of KDP and the JV Investor Partner valued at governs the Pod Manufacturing JV (effective 2026-03-30).

Action
entry
Agreement
collaboration
Counterparty
certain subsidiaries of KDP and the JV Investor Partner
Value
governs the Pod Manufacturing JV
Effective
2026-03-30
Exact text from the filing
In addition, concurrently with the JV Closing, certain subsidiaries of KDP and the JV Investor Partner entered into the amended and restated limited partnership agreement of the Pod Manufacturing JV (the “A&R LPA”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. entered into Registration Rights Agreement with Company and the Preferred Investors valued at customary registration rights with respect to the Convertible Preferred Stock and the Company’s comm (effective 2026-03-30).

Action
entry
Counterparty
Company and the Preferred Investors
Value
customary registration rights with respect to the Convertible Preferred Stock and the Company’s comm
Effective
2026-03-30
Exact text from the filing
In connection with the issuance of Convertible Preferred Stock, on March 30, 2026, the Company entered into a Registration Rights Agreement, by and among the Company and the Preferred Investors, pursuant to which the Preferred Investors will have certain customary registration rights with respect to the Convertible Preferred Stock and the Company’s common stock, par value $0.01 per share (“Common Stock”), issuable upon conversion of the Convertible Preferred Stock (the “Registration Rights Agreement”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. entered into Investment Agreement with 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 valued at aggregate purchase price of $4.5 billion (effective 2026-03-30).

Action
entry
Agreement
equity purchase
Counterparty
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
Value
aggregate purchase price of $4.5 billion
Effective
2026-03-30
Exact text from the filing
On March 30, 2026, Keurig Dr Pepper Inc. (“KDP” or the “Company”) issued and sold, for an aggregate purchase price of $4.5 billion, 4,500,000 shares of its newly created Series A Convertible Perpetual Preferred Stock, par value $0.01 per share (the “Convertible Preferred Stock”), at a price of $1,000 per share, pursuant to an Investment Agreement, dated as of October 27, 2025, 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 party thereto, the “Preferred Investors”) (as amended on February 23, 2026, the “Investment Agreement”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. terminated 364-Day Bridge Credit Agreement with the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent valued at all remaining commitments reduced to zero and terminated (effective 2026-03-30).

Action
termination
Agreement
credit facility
Counterparty
the lenders party thereto and Morgan Stanley Senior Funding, Inc., as administrative agent
Value
all remaining commitments reduced to zero and terminated
Effective
2026-03-30
Exact text from the filing
In connection with the receipt of the proceeds from the Convertible Preferred Stock investment and the Pod Manufacturing JV investment as further described in Item 1.01 above, all remaining commitments under the Bridge Credit Agreement were reduced to zero and the Bridge Credit Agreement was terminated on March 30, 2026.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Keurig Dr Pepper Inc. entered into JV Transaction Agreement with KDP, certain of its subsidiaries 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. valued at capital contribution of approximately $4 billion to Keurig JV, LP in exchange for limited partnershi (effective 2026-03-30).

Action
entry
Counterparty
KDP, certain of its subsidiaries 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.
Value
capital contribution of approximately $4 billion to Keurig JV, LP in exchange for limited partnershi
Effective
2026-03-30
Exact text from the filing
Also on March 30, 2026 (the “JV Closing”), pursuant to the terms of the transaction agreement (as amended from time to time, the “JV Transaction Agreement”), dated February 23, 2026, by and among KDP, certain of its subsidiaries 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., the JV Investor Partner made a capital contribution of approximately $4 billion to Keurig JV, LP (the “Pod Manufacturing JV”) in exchange for limited partnership units representing a 49% interest in the Pod Manufacturing JV (the “Co-Investor Contribution”).
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Keurig Dr Pepper Inc. filing history →

Source: SEC EDGAR
accession 0001193125-26-135642
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