BURLINGTON, Mass. and
PLANO, Texas, Aug. 18, 2020 /PRNewswire/ -- Keurig Dr Pepper
(NYSE: KDP) (the "Company" or "KDP") announced today the pricing of
its previously-announced registered public secondary offering of 45
million shares, or approximately 3.2%, of the Company's outstanding
common stock, at a price to the public of $29.15 per share. All of the shares have been
offered by Maple Holdings B.V. ("Maple"). Maple is a holding
company majority-owned by JAB Holdings B.V. ("JAB").
Upon completion of the offering, Maple and JAB will collectively
own approximately 49.5% of the Company's outstanding common stock.
Maple may distribute the proceeds of the offering to its members or
otherwise redeem interests of its members from time to time,
including JAB.
Goldman Sachs & Co. LLC is acting as underwriter for the
offering.
The offering will be made only by means of an effective
registration statement and a prospectus. Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
the proposed offering may be obtained from: Goldman Sachs & Co.
LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com. Copies of the preliminary prospectus
supplement and the related prospectus may also be obtained free of
charge from the website of the U.S. Securities and Exchange
Commission (the "SEC") at http://www.sec.gov.
The Company has previously filed with the SEC a registration
statement (including a prospectus) on Form S-3 (File No.
333-233477) and a prospectus supplement, each dated August 27, 2019, as well as a preliminary
prospectus supplement for the offering to which this communication
relates. Before you invest, you should read the prospectus in that
registration statement and other documents the issuer has filed
with the SEC for more complete information about the issuer and
this offering. Copies of the registration statement can be accessed
through the SEC's website at www.sec.gov. This press release shall
not constitute an offer to sell or the solicitation of an offer to
buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in
North America, with annual revenue
in excess of $11 billion and nearly
26,000 employees. KDP holds leadership positions in soft drinks,
specialty coffee and tea, water, juice and juice drinks and mixers,
and markets the #1 single serve coffee brewing system in the U.S.
and Canada. The Company's
portfolio of more than 125 owned, licensed and partner brands is
designed to satisfy virtually any consumer need, any time, and
includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®,
Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut
Shop®. Through its powerful sales and distribution network, KDP can
deliver its portfolio of hot and cold beverages to nearly every
point of purchase for consumers. The Company is committed to
sourcing, producing and distributing its beverages responsibly
through its Drink Well. Do Good. corporate responsibility platform,
including efforts around circular packaging, efficient natural
resource use and supply chain sustainability.
Forward-Looking Statements
Certain statements contained herein are "forward-looking
statements" within the meaning of applicable securities laws and
regulations. These statements are often, but not always, made
through the use of words or phrases such as "may," "might,"
"should," "could," "predict," "potential," "believe," "expect,"
"continue," "will," "anticipate," "seek," "estimate," "intend,"
"plan," and "would," or the negative version of those words or
other comparable words or phrases of a future or forward-looking
nature. These forward-looking statements have been based on the
Company's current views with respect to future events and the
timing of this secondary offering. These forward-looking statements
are subject to a number of risks and uncertainties including
prevailing market conditions, as well as other factors. All of the
forward-looking statements are qualified in their entirety by
reference to the factors discussed under "Risk Factors" in Part I,
Item 1A of the Company's Annual Report on Form 10-K for the year
ended December 31, 2019 and the
Company's other filings with the SEC. Forward-looking statements
represent the Company's estimates and assumptions only as of the
date that they were made. The Company does not undertake any duty
to update the forward-looking statements, and the estimates and
assumptions associated with them, after the date of this release,
except to the extent required by applicable law.
Investors
Tyson Seely
T: 781-418-3352/ tyson.seely@kdrp.com
Steve Alexander
T: 972-673-6769/ steve.alexander@kdrp.com
Media
Katie Gilroy
T: 781-418-3345/ katie.gilroy@kdrp.com
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SOURCE Keurig Dr Pepper