Keurig Dr Pepper Inc. Enters into $1.25 Billion Term Loan Agreement

Details

entered into a new term loan agreement with Bank of America, N.A., as administrative agent, providing for a delayed draw term loan facility of $1.25 billion. The facility is available in two tranches: $1 billion in the first tranche due April 25, 2026, and $250 million in the second tranche due February 23, 2027. The loan, which is unsecured, may be used for general corporate purposes including financing acquisitions. The interest rate varies based on the Company's credit rating and includes customary covenants and events of default.

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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.