Keurig Dr Pepper Announces Joint Venture and Upsized Preferred Investment

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entered into a material definitive agreement for a joint venture investment and upsized its preferred investment agreement. The company announced updated financing plans and transaction timelines for the acquisition of JDE Peet's, targeting a close in early April 2026 with a combined net leverage of approximately 4.5x. The financing will be a combination of $9 billion of long-term debt, $8.5 billion of equity capital, and the assumption of $5 billion of existing JDE Peet's bonds. Separation timing will be based on key milestones and market conditions, with operational readiness targeted by year-end 2026.

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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.