Keurig Dr Pepper Inc. Announces Investment Agreement and Unregistered Sales of Convertible Preferred Stock

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(KDP) entered into an Investment Agreement with KKR Investor and Apollo Investor to issue and sell 3,000,000 shares of Series A Convertible Perpetual Preferred Stock for a total of $3.0 billion. The proceeds from this investment will be used to fund the previously announced tender offer to acquire JDE Peet's N.V. and related fees and expenses. The Convertible Preferred Stock is subject to conversion into Common Stock under certain conditions and includes various rights and restrictions for the Holders. The transaction is exempt from the registration requirements of the Securities Act of 1933.

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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.