Keurig Dr Pepper enters new $4B credit facility maturing 2030, replaces prior agreement

Keurig Dr Pepper Inc.

$4B unsecured revolving credit facility with maturity March 31, 2030.
Borrowings bear SOFR + 0.750%-1.250% or base rate + 0%-0.250%, depending on credit ratings.
Existing $4B facility terminated with no outstanding borrowings.
Financial covenant: minimum interest coverage ratio of 3.25:1.
Use of proceeds: general corporate purposes and working capital.

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