Keurig Dr Pepper prices 57,971,015-share offering at $34.50 per share

• Keurig Dr Pepper priced its underwritten public offering of 57,971,015 common shares at $34.50 per share.
• Underwriters have a 30-day option to purchase up to 8,695,652 additional common shares at the same price.
• The offering is expected to close November 16, 2026, subject to customary closing conditions.
• Net proceeds will repay or repurchase approximately $2 billion of outstanding debt; additional option proceeds will further reduce debt.
• Deleveraging precedes the planned separation into Beverage Co. and Global Coffee Co., targeted for early 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keurig Dr Pepper Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611122121PR_NEWS_USPR_____DA96891) on November 13, 2026, and is solely responsible for the information contained therein.