Keurig Dr Pepper Updates Financing Package Related To JDE Peet's Acquisition, Including Two Investment Agreements Totaling $7B Co-Led By Apollo And KKR Affiliates
Author: Benzinga Newsdesk | October 27, 2025 06:22am
KDP updated its financing package related to the acquisition, now including two new strategic investment agreements totaling $7 billion, co-led by funds managed by affiliates of Apollo (NYSE:APO), and funds and accounts managed by KKR (NYSE:KKR). As a result, the Company now projects net leverage1 will be ~1.0x lower at 4.6x upon acquisition close, expected in the first half of 2026, with estimated adjusted EPS accretion of ~10% in the first full year.
Posted In: APO KDP KKR