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Keurig Dr Pepper 8-K Report, Material Agreement (Mar 10, 2026)

Reports
Material Agreements·Financial Events·Regulation FD+2
Filing Date
Filed March 10, 2026
Period End
March 6, 2026
Security
KDP
In the record · 2016–202610-K1210-Q338-K216

KDP filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 216 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Leadership change8-K · Jun ’21Jun ’21
  4. Material agreement8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed March 10, 2026. Cited figures are marked; the original filing is the authoritative source.

On March 6, 2026, Keurig Dr Pepper Inc. (KDP) entered into Amendment No. 1 to its Term Loan Agreement dated December 18, 2025, adding Maple Parent Holdings Corp., a wholly-owned subsidiary, as a joint and several Borrower.

Upon completion of the separation of its coffee and beverage businesses (the "Separation"), KDP will be automatically released from the Amended Term Loan Agreement, leaving Maple as sole Borrower. Maple also guarantees KDP's senior notes until the Separation. The amendment extends the maturity of €2.6 billion of the term loan to 15 months from initial funding, while the remaining €7.75 billion keeps a 364-day maturity.

Proceeds are intended to fund the JDE Peet's Acquisition and related fees. The filing also furnishes Regulation FD financial information on KDP Coffee Co, the coffee business expected to form part of the planned publicly traded company Global Coffee Co., including audited combined financial statements for fiscal years 2023 through 2025 and unaudited pro forma condensed combined information for KDP and Global Coffee Co. KDP Coffee Co reported 2025 net sales of $4,700 milliona, income from operations of $875 million, and net income of $700 million, with net cash provided by operating activities of $629 million. Pro forma KDP 2025 net sales are shown at $27,750 million, with pro forma net income attributable to KDP of $1,928 million.

The company also disclosed a proposed private offering of senior unsecured notes in U.S. dollars and euros, with the proceeds to fund the JDE Peet's Acquisition. The pro forma information reflects a $4.0 billionb JV investment in the Pod Manufacturing JV and a $4.5 billion Convertible Preferred Stock investment, with preliminary goodwill of $10.4 billion from the acquisition. The filing describes the Separation and financing steps, but it does not state the timing of the Separation.

02—Key points

Key Highlights

  1. Term Loan Amendment No. 1 (March 6, 2026) adds Maple Parent Holdings Corp. as a joint and several Borrower alongside KDP.
  2. KDP is automatically released from the Amended Term Loan Agreement upon completion of the Separation; Maple becomes sole Borrower.
  3. Maturity of €2.6 billion of the term loan is extended to 15 months from initial funding; the remaining €7.75 billion keeps a 364-day maturity.
  4. KDP Coffee Co 2025 net sales of $4,700 million, income from operations of $875 million, and net income of $700 million.
  5. Proposed private offering of U.S. dollar and euro senior unsecured notes to fund the JDE Peet's Acquisition.
  6. Pro forma financing includes a $4.0 billion JV investment in the Pod Manufacturing JV and $4.5 billion of Convertible Preferred Stock.
  7. Preliminary estimated goodwill of $10.4 billion from the JDE Peet's Acquisition in the pro forma balance sheet.

03—Questions

Frequently Asked Questions

  1. Why is Maple Parent Holdings Corp. being added as a borrower?

    Maple joined the Amended Term Loan Agreement as a Borrower and agreed to be jointly and severally liable with KDP. Following the Separation, Maple will be the sole Borrower, and KDP will be released from all obligations under the agreement.

  2. What changed in the term loan maturities?

    The filing states that €2.6 billion of the term loan will have its maturity extended to 15 months from the date of initial funding. The remaining €7.75 billion will not be modified and will remain at 364 days after initial funding.

  3. What is the purpose of the financing described in the filing?

    KDP expects to use borrowings under the Amended Term Loan Agreement, along with other financing sources, to fund the previously announced acquisition of JDE Peet's N.V. and pay related fees and expenses.

  4. What financial information did KDP provide to potential investors?

    KDP furnished audited combined financial statements of KDP Coffee Co for fiscal years 2023 through 2025, along with unaudited pro forma condensed combined financial information for KDP and for Global Coffee Co. KDP Coffee Co reported 2025 net sales of $4,700 million and net income of $700 million.

  5. What securities offering did KDP announce?

    The Issuer, Maple Parent Holdings Corp., intends to commence a private offering of senior unsecured notes in multiple tranches, denominated in U.S. dollars and euros, subject to market and customary conditions. The notes will not be registered under the Securities Act.

04—Continue

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