Keurig Dr Pepper Secures €10.35 Billion Term Loan for JDE Peet's Acquisition
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Keurig Dr Pepper Inc. has secured a €10.35 billion term loan facility for the proposed acquisition of JDE Peet's. The loan, arranged with a consortium of lenders and Morgan Stanley Senior Funding, Inc., will bear interest at the EURIBO rate plus a margin based on the company's debt ratings. The company also amended its Bridge Credit Agreement, reducing available financing from €16.2 billion to €5.85 billion. The agreements include customary covenants and financial requirements, with obligations guaranteed by company subsidiaries.
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