Keurig Dr Pepper completes Chobani stake redemption for $800M, sells Allentown facilities for $125M

Keurig Dr Pepper Inc.

Redeemed all indirect equity interests in Chobani for $800M aggregate consideration: $400M cash plus a $400M Chobani promissory note maturing December 26, 2026.
DPS Holdings Inc. and Mott's LLP, wholly-owned KDP subsidiaries, closed the previously announced transactions with FHU US Holdings, LLC (Chobani) on September 28, 2026.
Separately sold certain assets, including leasehold interests in two facilities in Allentown, Pennsylvania, for $125M in cash.
Total consideration across the two transactions is $925M ($400M cash + $400M note + $125M asset sale proceeds).

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