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Keurig Dr Pepper announces completion of secondary offering of common stock

Keurig Dr Pepper

BURLINGTON, Mass. and PLANO, Texas, U.S. — Keurig Dr Pepper (NYSE: KDP) announced on Friday the completion of its previously-announced registered public secondary offering of 40.0 million shares, or approximately 2.8%, of the Company’s outstanding common stock, for gross proceeds of approximately $1.08 billion. All of the shares were sold by Maple Holdings B.V. (“Maple”).

Maple is a holding company majority-owned by JAB Holdings B.V. (“JAB”). JAB directly purchased approximately 7.4 million shares of the Company’s common stock in the offering at a price equal to the price paid for the common stock by the underwriter for approximately $200 million. The net impact of the offering increased KDP’s float by approximately 2.3%.

Following the completion of the offering from Keurig, Maple and JAB collectively own approximately 62.8% of the Company’s outstanding common stock.

Goldman Sachs & Co. LLC acted as underwriter for the offering.

The offering was made only by means of an effective registration statement and a prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com. Copies of the prospectus supplement and the related prospectus may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov.

The Company has previously filed with the SEC a registration statement (including a prospectus) on Form S-­3 (File No. 333-233477) as well as a prospectus supplement, each dated August 27, 2019, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.