Form 8-K · Current Report · Filed 2024-03-07
Keurig Dr Pepper Inc. Issues $3.0 Billion in Senior Unsecured Notes
On March 7, 2024, Keurig Dr Pepper Inc. issued $3.0 billion aggregate principal amount of senior unsecured notes. The issuance includes various series of notes due between 2027 and 2034 with different interest rates and maturities. The notes are guaranteed by certain subsidiaries and are subject to specific covenants and default events. This transaction is detailed in the Base Indenture and First Supplemental Indenture filed as exhibits to this 8-K.
- Filer
- Keurig Dr Pepper Inc. KDP · NASDAQ
- Filed
- Accession
- 0001193125-24-062259
- CIK
- 0001418135
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$29.20
Next session
-0.2%
Since filing
+6.6%
Latest close
$31.12
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from KDP reporting the same item, with the next session's move:
Exhibits (4)
About Keurig Dr Pepper Inc.
Keurig Dr Pepper Inc. is a leading beverage company that operates in the non-alcoholic beverage industry. Formed from the merger of Keurig Green Mountain and Dr Pepper Snapple Group, this company combines a diverse portfolio of hot and cold beverages. Keurig Dr Pepper offers a wide range of products, including carbonated soft drinks, ready-to-drink teas, juice drinks, mixers, and single-serve coffee systems. Brands under its umbrella include household names like Dr Pepper, Snapple, 7UP, and Keurig. With a unique hybrid business model, the company has a strong presence in both the beverage and home coffee brewer markets. It serves a vast market across North America through various distribution channels including retailers, vending machines, and online platforms. Keurig Dr Pepper's innovative product offerings and robust distribution network make it a significant player in the consumer goods sector, influencing beverage consumption trends and taste preferences.
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