Keurig Serves Up $8B Bond To Help Fund Dr Pepper Merger

Law360 (May 14, 2018, 10:40 PM EDT) -- Keurig Green Mountain Inc. on Monday announced an $8 billion private bond offering to help fund its estimated $21 billion merger with Dr Pepper Snapple Group Inc., aiming to complete a tie-up that would create a North American beverage behemoth.

Waterbury, Vermont-based Keurig said proceeds, along with new credit facilities and cash on hand, will be used to fund a special cash dividend payable to Texas-headquartered Dr Pepper Snapple in connection with the planned merger. The combined company will be renamed Keurig Dr Pepper.

Keurig and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.