The company agreed on April 28, 2025 with the underwriters to issue and sell Floating Rate Senior Notes due 2026, 4.350% Senior Notes due 2028, 4.600% Senior Notes due 2030 and 5.150% Senior Notes due 2035, each in the amount of $500 million.

1. 01

   The company agreed on April 28, 2025 with the underwriters to issue and sell Floating Rate Senior Notes due 2026, 4.350% Senior Notes due 2028, 4.600% Senior Notes due 2030 and 5.150% Senior Notes due 2035, each in the amount of $500 million.

2. 02

   Keurig Dr Pepper entered into an underwriting agreement with BNP Paribas Securities Corp., BofA Securities, Inc., J.P. Morgan Securities LLC and Truist Securities, Inc., as representatives of the underwriters. The agreement contains customary representations and warranties, closing conditions, indemnification rights, party obligations and termination provisions.

3. 03

   Keurig Dr Pepper estimated net proceeds from the bond issuance, after underwriting discounts and issuance costs, at about $1,986 million. The company said it plans to use the proceeds for general corporate purposes, including repayment of existing commercial paper borrowings and/or certain senior notes.

4. 04

   The company said the bond issuance was made under the registration statement on Form S-3 (File No. 333-266989) it filed with the SEC on August 19, 2022. It said closing is expected on May 5, 2025, subject to the satisfaction of customary closing conditions.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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