Loan & DebtMay 22, 2026, 04:28 PM
Keurig Dr Pepper, JDEP Coffee Cross-Guarantee $5.55B & €13.8B Debt
AI Summary
Keurig Dr Pepper Inc. announced that JDEP Coffee B.V. (successor to JDE Peet's N.V.) has agreed to guarantee Maple Parent Holdings Corp.'s €3.0 billion and $2.55 billion notes and a €10.35 billion delayed draw term loan facility, which funded the JDE Peet's acquisition. Additionally, JDEP Coffee guaranteed KDP's existing senior notes and revolving credit facility. In a reciprocal move, KDP, Maple, and KDP Guarantors guaranteed JDEP Coffee's €3.45 billion EUR Notes and $1.25 billion USD Notes. These guarantees are set to terminate upon the previously announced separation of KDP's coffee and beverage businesses.
Key Highlights
- Maple Parent Holdings Corp. completed private offerings of €3.0 billion euro notes and $2.55 billion USD notes.
- KDP entered a €10.35 billion Delayed Draw Term Loan Facility, with Maple as co-borrower.
- These financings, along with other sources, funded the acquisition of JDE Peet’s N.V., completed April 1, 2026.
- JDEP Coffee B.V. guaranteed Maple's €3.0B and $2.55B notes and the €10.35B Delayed Draw Term Loan.
- JDEP Coffee B.V. also guaranteed KDP's existing outstanding senior notes and revolving credit facility.
- KDP, Maple, and KDP Guarantors guaranteed JDEP Coffee's €3.45 billion EUR Notes and $1.25 billion USD Notes.
- Guarantees related to the Separation of coffee and beverage businesses will automatically terminate upon separation.
Price Impact
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