Keurig Dr Pepper Inc. 8K

Keurig Dr Pepper is monetizing its Chobani equity stake and selling its Allentown, PA facility to Chobani for $925 million in pre-tax proceeds to support deleveraging while expanding and extending their manufacturing, licensing and distribution partnership.

Keurig Dr Pepper Inc. announced a set of strategic transactions with Chobani under which KDP will sell its entire minority equity stake in Chobani back to the company for $800 million and will also sell its Allentown, Pennsylvania manufacturing facility and warehouse, including the facility lease, equipment and operations, to Chobani for approximately $125 million, generating total pre-tax proceeds of about $925 million that KDP intends to use to reduce debt while maintaining operational continuity through Chobani’s intention to hire the plant’s manufacturing and warehouse employees and a co-manufacturing agreement for certain KDP products; simultaneously, the companies are expanding and updating their long-term commercial relationship, including KDP’s continued distribution of La Colombe ready-to-drink lattes and other Chobani beverage products via its DSD network and the continuation of their La Colombe-branded K-Cup licensing, manufacturing and distribution agreement, with the transactions expected to close in the third quarter of 2026 subject to customary conditions.

Filing Facts

CIK

1418135

Ticker

KDP

Form

8K

Source Type

sec

Accession

0001418135-26-000055

Alert Tier

7