Keurig Dr Pepper Announces Updated Financing Plan for $18.4 Billion Acquisition of JDE Peet's

Paul, Weiss is advising Keurig Dr Pepper on its updated financing plans and transaction timelines for its €15.7 billion ($18.4 billion) all-cash acquisition of leading global coffee company JDE Peet’s and its planned separation into two independent public companies—a beverage business and a coffee business. KDP now plans to finance the upcoming acquisition through a combination of approximately $9 billion of long-term debt, $8.5 billion of equity capital and the assumption of approximately $5 billion of existing JDE Peet's bonds, with a targeted closing expected in early April 2026.

The Paul, Weiss team is led by corporate partners James Langston and Chelsea Darnell, and includes partners Ravi Purohit, Matthew Leist, Nick Bogdanovich, Luke Jennings, Michael Spirtos, Timothy Cruickshank, Carmen Lu, Manuel Frey, Eric Wedel, John Kennedy, Caroline Epstein, Neel Sachdev, Tony Rim, Marco Bagnato, Patricia Vaz de Almeida and Sean Fitzpatrick; tax partners Brian Krause, Robert Holo and Jeffrey Samuels, and counsel Alyssa Wolpin; executive compensation partners Matthew Friestedt and Jean McLoughlin, and counsel Cynthia Akard; intellectual property partners Jonathan Ashtor, Claudine Meredith-Goujon and Brianna van Kan; litigation partners Nathan Mitchell and Nicole Succar, and counsel Audrey Paquet; and environmental counsel William O’Brien.