Keurig Dr Pepper Inc. raised about $6 billion Thursday in a dual-currency bond sale ahead of the beverage company’s pending acquisition of coffee and tea firm JDE Peet’s NV.
Keurig, through a subsidiary, priced €3 billion($3.5 billion) of euro-denominated notes and $2.55 billion of US dollar bonds, according to people with knowledge of the matter.
The euro offering was Keurig’s debut in the currency, according to data compiled by Bloomberg. The transaction spans maturities from two to nine years, with the longest tranche priced at 1.8 percentage points above midswaps, according to one of the people, who asked ...
