Keurig Dr Pepper’s Shares Fizz Amid Private Equity Cash Infusion

Keurig Dr Pepper’s Shares Fizz Amid Private Equity Cash Infusion

Dr Pepper’s getting a 24th flavor: leveraged buyout with notes of debt restructuring. Parent company Keurig Dr Pepper (KDP for short) scored $7 billion from KKR, Apollo Global Management and Goldman Sachs. The investment will be divvied up, with $4 billion going toward making new K-Cup pods and $3 billion put into preferred convertible stock.  The beverage conglomerate also lifted its annual sales forecast, and shares of the company (which owns …

Keurig Dr Pepper turns to Apollo, KKR to bolster spinout financials

Keurig Dr Pepper is turning to two private equity firms to ease shareholder concerns that its coffee megamerger will leave the company on shaky ground.Apollo and KKR will invest $7 billion across the two companies resulting from Keurig’s merger with JDE Peet’s, which will combine and split along hot-and-cold beverage lines. The two firms are investing $4 billion into the coffee business, which includes Keurig K-cups, and $3 billion into the beve…

Private Credit Firms' Hot Strategy to Cut Leverage Wins Over Keurig Dr Pepper

(Bloomberg) — Keurig Dr Pepper Inc. had a problem: Investors were skeptical of how much debt the company would be taking on with its proposed acquisition of JDE Peet’s NV.

Keurig Dr Pepper secures $7 billion investment to help finance JDE Peet's acquisition

Frisco-based Keurig Dr Pepper announced Oct. 27 that it secured a $7 billion investment to assist with the financing of its purchase of JDE Peet’s NV, a European coffee company known for brands such as Peet’s Coffee and L’Or espresso. The company's stock soared after it released its earnings the same day, reaching its highest trading price since August.

Keurig Dr Pepper raises $7 billion from Apollo, KKR to help fund JDE Peet’s deal - The Boston Globe

Wall Street has expressed skepticism over the Burlington, Mass.-based company's August announcement to buy the Dutch coffee company for about $18 billion.