BURLINGTON, Mass. and
PLANO, Texas, Nov. 19, 2020 /PRNewswire/ -- Keurig Dr Pepper
(NASDAQ: KDP) (the "Company" or "KDP") announced today the
completion of its previously-announced registered public secondary
offering of 60 million shares of the Company's outstanding common
stock, for gross proceeds to the selling stockholders of
approximately $1.7 billion.
Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are
acting as the underwriters 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. Morgan
Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, New York 10014, Attention:
Prospectus Department. 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) and a prospectus supplement, each dated August 27, 2019, as well as a final 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.
KDP Contacts
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
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 forward-looking statements can generally be
identified by the use of words such as "outlook," "guidance,"
"anticipate," "expect," "believe," "could," "estimate," "feel,"
"forecast," "intend," "may," "plan," "potential," "project,"
"should," "target," "will," "would," and similar words, phrases or
expressions and variations or negatives of these words, although
not all forward-looking statements contain these identifying words.
Forward-looking statements by their nature address matters that
are, to different degrees, uncertain, such as statements regarding
the estimated or anticipated future results of the combined company
following the combination of Keurig Green Mountain, Inc. ("KGM")
and Dr Pepper Snapple Group, Inc. ("DPS" and such combination, the
"transaction"), the anticipated benefits of the transaction,
including estimated synergies and cost savings, the long-term
merger targets, and other statements that are not historical facts.
These statements are based on the current expectations of our
management and are not predictions of actual performance.
These forward-looking statements are subject to a number of
risks and uncertainties regarding the company's business and the
transaction and actual results may differ materially. These risks
and uncertainties include, but are not limited to: (i) the impact
the significant additional debt incurred in connection with the
transaction may have on our ability to operate our business, (ii)
risks relating to the integration of the KGM and DPS operations,
products and employees into the combined company and assumption of
certain potential liabilities of KGM and the possibility that the
anticipated synergies and other benefits of the transaction,
including cost savings, will not be realized or will not be
realized within the expected timeframe, (iii) the impact of the
global COVID-19 pandemic, and (iv) risks relating to the businesses
and the industries in which our combined company operates. These
risks and uncertainties, as well as other risks and uncertainties,
are more fully discussed in the Company's filings with the SEC,
including our Annual Report on Form 10-K and subsequent filings.
While the lists of risk factors presented here and in our public
filings are considered representative, no such list should be
considered to be a complete statement of all potential risks and
uncertainties. Any forward-looking statement made herein speaks
only as of the date of this document. We are under no obligation
to, and expressly disclaim any obligation to, update or alter any
forward-looking statements, whether as a result of new information,
subsequent events or otherwise, except as required by applicable
laws or regulations.
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SOURCE Keurig Dr Pepper