--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-135642" form_type: "8-K" ticker: "KDP" cik: "0001418135" company_name: "Keurig Dr Pepper Inc." filed_at: "2026-04-01T23:59:59+00:00" generated_at: "2026-05-15T07:57:45.365717+00:00" event_type: "m_and_a" sentiment: "positive" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # KDP completes €14.86B acquisition of JDE Peet's; appoints Rafael Oliveira as CEO of future Global Coffee Co. ## Summary - Acquired 96.22% (466.7M shares) of JDE Peet's for €31.85/share; total consideration ~€14.86B. - Issued $4.5B Series A Convertible Perpetual Preferred Stock to KKR and Apollo; net proceeds used to fund acquisition. - Sold 49% interest in Pod Manufacturing JV for ~$4B to Apollo, KKR, and Goldman Sachs; proceeds also used for acquisition. - Rafael Oliveira named CEO of KDP's coffee unit and future Global Coffee Co.; will report to Tim Cofer during integration. - Bridge Credit Agreement terminated; separation of Global Coffee Co. targeted by year-end 2026 as tax-free spin. ## SEC filing metadata - accession: 0001193125-26-135642 - form_type: 8-K - ticker: KDP - cik: 0001418135 - company_name: Keurig Dr Pepper Inc. - filed_at: 2026-04-01T23:59:59+00:00 - event_type: m_and_a - sentiment: positive - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 1.02, 2.01, 3.02, 5.03, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/d137180d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-135642 - JSON: https://secwatch.observer/filing/0001193125-26-135642.json - Plain text: https://secwatch.observer/filing/0001193125-26-135642.txt ## Source-grounded claims - claim_id: 0bb87afc1db79af7be23f56c8d315fc96658d251 claim: Keurig Dr Pepper Inc.: Filed Certificate of Designations to create Series A Convertible Perpetual Preferred Stock (effective 2026-03-30). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: df687b121bf7f66cab5fb02f795fdb43c9c6ac93 claim: Keurig Dr Pepper Inc. completed an acquisition involving JDE Peet's N.V. for €31.85 per share in cash (closed 2026-04-01). evidence_excerpt: In accordance with the terms of the Offer, on April 1, 2026 (the "Settlement Date"), Kodiak BidCo made a payment of €31.85 per Share and accepted the transfer of all Shares tendered prior to or on March 27, 2026. evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: 3f88ef5428da31a31a2781d7aba71fcb3aadc0cc claim: 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). evidence_excerpt: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: 923ab1187ca3178f8e313dbe02b84af2cc1e51e1 claim: 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). evidence_excerpt: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: 92616ecccd168e7d7fb369ad7decdc700879d2e5 claim: 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). evidence_excerpt: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: bd73f4fe2b81ca56323289febb9b8999b0add7a0 claim: 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). evidence_excerpt: 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. evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm - claim_id: e6bacc9fa6f2749714d61f091bdc35961a3c95e4 claim: 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). evidence_excerpt: 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”). evidence_url: https://www.sec.gov/Archives/edgar/data/1418135/000119312526135642/0001193125-26-135642-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.