What is the purpose of the note offerings?

The Company expects to use the net proceeds from the Notes, together with other financing sources, to fund the JDE Peet's Acquisition and to pay related fees and expenses in connection with the acquisition and related transactions.

When are the notes expected to close?

Both the USD Notes and the Euro Notes are expected to close on March 26, 2026, subject to customary closing conditions. The two offerings are not conditioned on each other.

Who will guarantee the notes?

Initially, the Company and its subsidiaries that guarantee its other senior indebtedness will guarantee the notes. Those guarantees will terminate upon the Separation. JDE Peet's N.V. is expected to guarantee the notes after the JDE Peet's Acquisition closes, and after the Separation the notes will be guaranteed by the Issuer's subsidiaries that guarantee its other senior indebtedness.

Are these notes registered with the SEC?

No. The notes were offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S. They have not been registered under the Securities Act or state securities laws, and the Company will use commercially reasonable efforts to file an exchange or shelf registration statement.

What risks does the company identify related to this financing?

The filing cites risks including completing the offerings, the JDE Peet's Acquisition and the Separation on the anticipated timeline or at all; the incurrence of significant debt, which may cause dilution or add complexity to the capital structure; a potential credit rating downgrade; integration difficulties; additional costs; litigation; and effects on the share price.

KDP 8-K SEC Disclosure — Mar 12, 2026

01—Abstract

Summary

Summary of the 8-K filed March 12, 2026. Cited figures are marked; the original filing is the authoritative source.

Keurig Dr Pepper Inc. (KDP) reported in this Form 8-K, dated March 12, 2026, that it priced private offerings of senior notes totaling $2.55 billion^a in USD Notes and €3.0 billion in Euro Notes.

The notes will be issued by Maple Parent Holdings Corp. and are expected to close on March 26, 2026. The Company states it expects to use the net proceeds, together with other financing sources, to fund its previously announced acquisition of JDE Peet's N.V. (the JDE Peet's Acquisition) and to pay related fees and expenses.

The USD Notes carry maturities in 2029, 2031, 2036 and 2056, with coupons from 4.750%^b to 6.625%. The Euro Notes carry maturities in 2028, 2030, 2032 and 2035, with coupons from 3.495% to 4.728%. Guarantees from the Company and its subsidiaries will terminate upon the separation of its coffee and beverage businesses (the Separation), and JDE Peet's is expected to guarantee the notes after the JDE Peet's Acquisition closes.

The offerings were made under Rule 144A and Regulation S, and the notes are not registered under the Securities Act. The filing's forward-looking statements flag risks including completing the offerings, the acquisition and the Separation on schedule, the incurrence of significant debt, possible downgrades of the Company's credit ratings, integration difficulties, and additional costs. For investors, the filing shows a substantial increase in the Company's debt load tied to the JDE Peet's Acquisition and the Separation.

02—Key points

Key Highlights

Priced $2.55 billion of USD notes and €3.0 billion of Euro notes through private offerings, issued by Maple Parent Holdings Corp.
USD Notes: $550 million 4.750% due 2029, $600 million 5.050% due 2031, $700 million 5.700% due 2036, and $700 million 6.625% due 2056.
Euro Notes: €600 million 3.495% due 2028, €800 million 3.881% due 2030, €800 million 4.224% due 2032, and €800 million 4.728% due 2035.
Proceeds, with other financing sources, are intended to fund the JDE Peet's Acquisition and related fees and expenses.
Offerings are expected to close on March 26, 2026, subject to customary conditions, and are not conditioned on each other.
Company guarantees terminate upon the Separation of the coffee and beverage businesses; JDE Peet's is expected to guarantee the notes after its acquisition closes.
Risk factors cited include potential credit rating downgrades, significant additional debt, integration challenges, and effects on the share price.

03—Questions

Frequently Asked Questions

What is the purpose of the note offerings?
The Company expects to use the net proceeds from the Notes, together with other financing sources, to fund the JDE Peet's Acquisition and to pay related fees and expenses in connection with the acquisition and related transactions.
When are the notes expected to close?
Both the USD Notes and the Euro Notes are expected to close on March 26, 2026, subject to customary closing conditions. The two offerings are not conditioned on each other.
Who will guarantee the notes?
Initially, the Company and its subsidiaries that guarantee its other senior indebtedness will guarantee the notes. Those guarantees will terminate upon the Separation. JDE Peet's N.V. is expected to guarantee the notes after the JDE Peet's Acquisition closes, and after the Separation the notes will be guaranteed by the Issuer's subsidiaries that guarantee its other senior indebtedness.
Are these notes registered with the SEC?
No. The notes were offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S. They have not been registered under the Securities Act or state securities laws, and the Company will use commercially reasonable efforts to file an exchange or shelf registration statement.
What risks does the company identify related to this financing?
The filing cites risks including completing the offerings, the JDE Peet's Acquisition and the Separation on the anticipated timeline or at all; the incurrence of significant debt, which may cause dilution or add complexity to the capital structure; a potential credit rating downgrade; integration difficulties; additional costs; litigation; and effects on the share price.

04—Continue

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