BURLINGTON, Mass. and
PLANO, Texas, May 22, 2020 /PRNewswire/ -- Keurig Dr
Pepper (NYSE: KDP) (the "Company" or "KDP") announced today the
completion of its previously-announced registered public secondary
offering of 40.0 million shares, or approximately 2.8%, of the
Company's outstanding common stock, for gross proceeds of
approximately $1.08 billion.
All of the shares were sold by Maple Holdings B.V.
("Maple").
Maple is a holding company majority-owned by JAB Holdings B.V.
("JAB"). JAB directly purchased approximately 7.4 million shares of
the Company's common stock in the offering at a price equal to the
price paid for the common stock by the underwriter for
approximately $200 million. The net
impact of the offering increased KDP's float by approximately
2.3%.
Following the completion of the offering, Maple and JAB
collectively own approximately 62.8% of the Company's outstanding
common stock.
Goldman Sachs & Co. LLC acted as underwriter for the
offering.
The offering was made only by means of an effective registration
statement and a prospectus. Copies of the prospectus supplement and
the accompanying prospectus relating to the 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 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) as well as a prospectus supplement, each dated
August 27, 2019, 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