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KDP completed the $14.86 billion acquisition of JDE Peet's, funded by $4.5 billion in preferred stock, a $4 billion JV contribution, and debt, and named Rafael Oliveira to lead the future Global Coffee Co.
Keurig Dr Pepper Inc. has successfully completed its acquisition of JDE Peet’s N.V., a transformative transaction that creates a global coffee powerhouse. The company acquired 96.22% of the outstanding ordinary shares of JDE Peet’s through a tender offer conducted by its wholly-owned subsidiary, Kodiak BidCo B.V. The total aggregate consideration paid was approximately €14.86 billion, or €31.85 per share in cash. The acquisition was funded through a combination of capital raises, including the issuance of $4.5 billion in Series A Convertible Perpetual Preferred Stock to investors including KKR and Apollo, and a $4 billion capital contribution from a Pod Manufacturing Joint Venture with investors managed by Apollo, KKR, and Goldman Sachs Asset Management. The company also utilized proceeds from notes offerings and a delayed draw term loan. In connection with the financing, KDP terminated its 364-Day Bridge Credit Agreement dated August 24, 2025. Concurrent with the acquisition, KDP announced that Rafael Oliveira, currently CEO of JDE Peet’s, has been named CEO of the future Global Coffee Co., the entity to be spun off following the planned separation of KDP’s coffee and refreshment beverage businesses. JDE Peet’s shares will be delisted from Euronext Amsterdam on April 30, 2026.
Event Type
Disclosure
Mandatory
Variant
8-K
above is incorporated by reference into this Item 5.03. Item 7.01. Regulation FD Disclosure. On April 1, 2026, KDP, Kodiak BidCo and JDE Peet’s issued a joint p
. Termination of a Material Definitive Agreement. As previously reported, on August 24, 2025, KDP entered into a 364-Day Bridge Credit Agreement (as amended by
of this Current Report on Form 8-K under the cover of an amendment to this Current Report on Form 8-K no later than 71 calendar days after the date on which thi
. The issuance and sale of the Convertible Preferred Stock was made in reliance upon an exemption from the registration requirements of Section 4(a)(2) of the S
. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On March 30, 2026, the Company filed the Certificate of Designations with the Secret
, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or oth
(b) with respect to the acquisition of JDE Peet’s described in Item 2.01 of this Current Report on Form 8-K under the cover of an amendment to this Current Repo
Rafael Oliveira
Effective: 2026-04-01
To lead the combined coffee business following the acquisition of JDE Peet's.
Acquisition / Disposition
Material Agreement