News

Keurig Dr Pepper announces debt refinancing

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April 7, 2020

Keurig Dr Pepper announced a strategic refinancing program, intended to extend the company's debt maturities and enhance its liquidity profile, according to a press release.

In making the announcement, the company indicated that it has commenced a public offering of senior notes, subject to market and other customary conditions, as well as the refinancing and upsizing of the company's existing revolving credit facility.

The company intends to use the net proceeds from the sale of the notes to repay short-term commercial paper notes and current borrowings under its existing revolving credit facilities. The strategic refinancing is not expected to change the company's total debt balance or its deleveraging commitments.