Form 8-K - Current report
November 13 2023 - 4:39PM
Edgar (US Regulatory)
0001418135FALSE00014181352023-11-102023-11-10
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 10, 2023
Keurig Dr Pepper Inc.
(Exact name of registrant as specified in its charter)
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Delaware | | 001-33829 | | 98-0517725 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
53 South Avenue, Burlington, Massachusetts 01803
(Address of principal executive offices, including zip code)
781-418-7000
(Registrant’s telephone number including area code)
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | | Trading Symbol | | Name of each exchange on which registered |
Common stock | | KDP | | Nasdaq Stock Market LLC |
Item 8.01. Other Events.
On November 10, 2023, Keurig Dr Pepper Inc. (the “Company”) increased the size of its existing $2.4 billion commercial paper program pursuant to which the Company may issue short-term unsecured commercial paper notes from time to time pursuant to an exemption from registration under the Securities Act of 1933, as amended (the “Securities Act”). After giving effect to the increase, the Company will be able to issue commercial paper notes in an aggregate face or principal amount of up to $4.0 billion, consistent in sizing with the Company’s revolving credit agreement. Amounts available under the program may be borrowed, repaid and re-borrowed from time to time. The commercial paper notes were not and will not be registered under the Securities Act and may not be offered or sold absent registration or an applicable exemption from such registration requirements. The net proceeds from the program may be used for working capital and general corporate purposes. The information contained in this Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy commercial paper notes under the Company’s commercial paper program.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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| KEURIG DR PEPPER INC. | |
Dated: November 13, 2023 | | |
| By: | /s/ Anthony Shoemaker |
| | Name: | Anthony Shoemaker |
| | Title: | Chief Legal Officer, General Counsel and Secretary |
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