01—Abstract
Summary
Summary of the 8-K filed September 28, 2026. Cited figures are marked; the original filing is the authoritative source.
On September 28, 2026, Keurig Dr Pepper Inc. (KDP) disclosed in an Item 8.01 (Other Events) report that its wholly-owned subsidiaries DPS Holdings Inc. and Mott's LLP, along with certain other affiliates, completed previously announced transactions with FHU US Holdings, LLC and certain of its affiliates (collectively, "Chobani").
The transactions had two components. First, Chobani redeemed all of the Company's indirect equity interests in Chobani for aggregate consideration of $800 milliona, consisting of $400 million in cash and a $400 million promissory note issued by Chobani to a Company subsidiary, which matures on December 26, 2026. Second, the Company sold certain assets, including its leasehold interests in two facilities in Allentown, Pennsylvania, for $125 million in cash.
For investors, the filing establishes total cash proceeds of $525 millionb at closing, with a further $400 million due in the form of a note maturing in December 2026. The filing does not describe the accounting impact or the effect on KDP's financial results.
02—Key points
Key Highlights
- Completed the redemption of all of KDP's indirect equity interests in Chobani for aggregate consideration of $800 million.
- The $800 million consideration comprises $400 million in cash and a $400 million promissory note from Chobani to a Company subsidiary.
- The $400 million promissory note matures on December 26, 2026.
- Separately sold certain assets, including leasehold interests in two Allentown, Pennsylvania facilities, for $125 million in cash.
- Total cash received at closing is $525 million ($400 million from the redemption plus $125 million from the asset sale).
- Transactions were carried out by DPS Holdings Inc., Mott's LLP, and certain other affiliates of the Company.
03—Questions
Frequently Asked Questions
What did Keurig Dr Pepper receive in the Chobani transaction?
The Company received aggregate consideration of $800 million for the redemption of all its indirect equity interests in Chobani, consisting of $400 million in cash and a $400 million promissory note issued by Chobani to a Company subsidiary.
When does the promissory note from Chobani mature?
The $400 million promissory note matures on December 26, 2026.
What other assets were sold in the transaction?
Certain other assets were sold for $125 million in cash, including the Company's leasehold interests in two facilities located in Allentown, Pennsylvania.
How much cash did KDP receive at closing?
The filing describes $400 million in cash from the Chobani redemption and $125 million in cash from the asset sale, totaling $525 million in cash at closing, with the remaining $400 million received as a promissory note.
04—Continue