Keurig Dr Pepper Closes $2 Billion Notes Offering

Paul, Weiss advised Keurig Dr Pepper in its offering of $2 billion of senior unsecured notes, consisting of $500 million of floating rate senior notes due 2026, $500 million of 4.350% senior notes due 2028, $500 million of 4.600% senior notes due 2030 and $500 million of 5.150% senior notes due 2035. The net proceeds from the offering will be used for general corporate purposes, including the repayment of certain commercial paper borrowings and outstanding notes.

The Paul, Weiss team was led by corporate partner Luke Jennings and included, among others, partners Eric Wedel and Caroline Epstein.