Form 8-K · Current Report · Filed 2025-03-31
Keurig Dr Pepper Inc. Enters New Revolving Credit Agreement and Terminates Existing One
On March 31, 2025, Keurig Dr Pepper Inc. entered into a new $4 billion unsecured revolving credit agreement, which will mature on March 31, 2030, and concurrently terminated its existing revolving credit agreement. The new agreement provides for borrowings that may be used for general corporate purposes and working capital and includes customary covenants and events of default.
- Filer
- Keurig Dr Pepper Inc. KDP · NASDAQ
- Filed
- Accession
- 0001418135-25-000051
- CIK
- 0001418135
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Termination of a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$33.74
Next session
+3.6%
Since filing
-7.8%
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 (1)
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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