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Keurig Dr Pepper 8-K Report, Corporate Update (May 22, 2026)

Reports
Other Events
Filing Date
Filed May 22, 2026
Period End
May 21, 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 May 22, 2026. Cited figures are marked; the original filing is the authoritative source.

Keurig Dr Pepper Inc. (KDP) filed a Current Report on Form 8-K dated May 22, 2026 under Item 8.01 (Other Events) to update investors on its debt financing tied to the acquisition of JDE Peet's N.V.

As previously disclosed, on March 26, 2026, its wholly-owned subsidiary Maple Parent Holdings Corp. ("Maple") completed private offerings of €3.0 billion of euro-denominated notes and $2.55 billiona of USD-denominated notes, guaranteed by KDP and certain of its subsidiaries. On March 6, 2026, KDP amended its Term Loan Agreement dated December 18, 2025 to add a senior unsecured delayed draw term loan facility of up to €10.35 billion, under which Maple became a co-borrower. The net proceeds of the Maple Notes and the delayed draw borrowings, together with other financing sources, were used to fund the acquisition of all outstanding ordinary shares of JDE Peet's N.V., which was completed on April 1, 2026.

On May 21, 2026, JDEP Coffee B.V., as successor to JDE Peet's N.V., agreed to fully and unconditionally guarantee, jointly and severally with KDP and the KDP Guarantors, Maple's obligations under the Maple Notes and the delayed draw facility, as well as KDP's obligations under its existing senior notes and revolving credit facility. These JDEP Coffee guarantees will automatically terminate upon the previously announced separation of the Company's coffee and beverage businesses (the "Separation"), in addition to the events specified in the governing agreements. On the same date, Maple, KDP and the KDP Guarantors agreed to guarantee, jointly and severally with each other, JDEP Coffee's outstanding notes, consisting of €3.45 billion of euro-denominated notes and $1.25 billionb of USD-denominated notes, with KDP's guarantees of these notes likewise terminating upon the Separation.

The filing is primarily a disclosure of cross-guarantee arrangements among the combined group's debt issuers and guarantors. It does not state any changes to the amounts of the financing or to KDP's financial results, and the guarantee structure is expected to unwind upon the Separation.

02—Key points

Key Highlights

  1. Maple Parent Holdings Corp., a wholly-owned KDP subsidiary, completed €3.0 billion and $2.55 billion private note offerings on March 26, 2026 to help fund the JDE Peet's acquisition.
  2. KDP amended its Term Loan Agreement on March 6, 2026 to add a senior unsecured delayed draw term loan facility of up to €10.35 billion, with Maple as a joint and several co-borrower.
  3. The JDE Peet's N.V. acquisition was completed on April 1, 2026, funded by the Maple Notes and delayed draw borrowings together with other financing sources.
  4. On May 21, 2026, JDEP Coffee B.V. agreed to guarantee Maple's note and term loan obligations and KDP's existing senior notes and revolving credit facility.
  5. On May 21, 2026, Maple, KDP and the KDP Guarantors agreed to guarantee JDEP Coffee's €3.45 billion and $1.25 billion of notes across multiple maturities from 2027 to 2034.
  6. All of these cross-guarantees will automatically terminate upon the previously announced separation of the Company's coffee and beverage businesses.

03—Questions

Frequently Asked Questions

  1. What financing did Keurig Dr Pepper use to fund the JDE Peet's acquisition?

    The company used net proceeds from the Maple Notes (€3.0 billion and $2.55 billion aggregate principal amount), borrowings under the €10.35 billion delayed draw term loan facility, and other financing sources to fund the acquisition, which was completed on April 1, 2026.

  2. What new guarantees did KDP and its subsidiaries agree to on May 21, 2026?

    Maple, KDP and the KDP Guarantors agreed to fully and unconditionally guarantee, jointly and severally with each other, the obligations of JDEP Coffee B.V. under its €3.45 billion of floating and fixed rate notes and its $1.25 billion of 1.375% Notes due 2027 and 2.250% Notes due 2031.

  3. What guarantees did JDEP Coffee B.V. provide?

    JDEP Coffee B.V., as successor to JDE Peet's N.V., agreed to guarantee Maple's obligations under the Maple Notes and the delayed draw term loan facility, and KDP's obligations under its existing senior notes and revolving credit facility, on a joint and several basis.

  4. When will these cross-guarantees end?

    Under the terms described in the filing, the JDEP Coffee guarantees of KDP and Maple obligations and the KDP guarantees of JDEP Notes will automatically terminate upon the previously announced Separation of the Company's coffee and beverage businesses, as well as upon the other events specified in the applicable indentures and credit agreements.

04—Continue

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