- Keurig Dr Pepper Inc KDP has priced the public offering of senior notes consisting of $1 billion of 3.950% senior notes due 2029, $850 million of 4.050% senior notes due 2032, and $1.15 billion of 4.5% notes due 2052.
- The company expects the net proceeds from the offering to be about $2.961 billion.
- The company intends to use the net proceeds, with cash on hand, to fund the purchase price and interest for the Notes purchased in the Tender Offers and redeem an outstanding series of senior unsecured notes.
- The offering is expected to close on April 22, 2022.
- Price Action: KDP shares closed lower by 0.58% at $37.61 on Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
