Keurig Dr Pepper Reveals $7 Billion Financing Plan For JDE Peet’s Deal

• KDP confirmed a $7 billion strategic investment package co-led by Apollo Global Management and KKR.
• The funding is expected to reduce net leverage to about 4.6 times at closing in the first half of 2026. 

Keurig Dr Pepper Inc. (KDP) on Monday unveiled new strategic, financial, and leadership details surrounding its planned acquisition of JDE Peet’s and its subsequent split into two standalone businesses. 

KDP confirmed a $7 billion strategic investment package co-led by Apollo Global Management Inc. (APO) and KKR & Co. Inc.(KKR), aimed at lowering the company’s projected debt load and strengthening its balance sheet. 

The new financing structure, which supports the JDE Peet’s acquisition, is expected to reduce net leverage to about 4.6 times at closing in the first half of 2026. 

Following the announcement, Keurig Dr Pepper stock traded over 8% higher in Monday’s premarket. 

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