Form 8-K · Current report
Keurig Dr Pepper 8-K, filed Sep 1, 2026
- Filed
- CIK
- 0001418135
- Accession no.
- 0001418135-26-000055
Summary
Keurig Dr Pepper agreed to sell its full equity stake in Chobani back to Chobani for $800 million and to sell its Allentown, Pennsylvania manufacturing facility and warehouse to Chobani for about $125 million, for $925 million in total pre-tax proceeds. The companies also expanded their distribution agreement for La Colombe ready-to-drink beverages and will continue a co-manufacturing arrangement at the Allentown site, with the transactions expected to close in the third quarter of 2026.
Key points
- The $800 million Chobani equity redemption consists of $400 million in cash at closing and a $400 million promissory note from Chobani maturing December 26, 2026.
- Keurig Dr Pepper intends to use net proceeds to reduce debt as it positions its future Beverage Co. and Global Coffee Co. businesses.
- Chobani intends to offer employment to the Allentown facility's manufacturing and warehouse employees, while delivery, customer service and other corporate employees remain with KDP.
- KDP will continue distributing La Colombe ready-to-drink lattes and other Chobani-owned beverages through its direct store delivery network, and the companies will continue their licensing, manufacturing and distribution agreement for La Colombe K-Cup pods in the U.S. and Canada.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 8.01. Other Events. On August 28, 2026, Mott’s LLP, a Delaware limited liability partnership and a wholly-owned subsidiary of Keurig Dr Pepper Inc., a Delaware corporation (the “Company”) and certain other affiliates of the Company, entered into definitive agreements with FHU US Holdings, LLC, a Delaware limited liability company and certain of its affiliates (collectively, “Chobani”), providing for (i) the redemption of all of the Company’s indirect equity interests in Chobani for aggregate consideration of $800 million, consisting of (x) $400 million in cash payable at the closing of the transactions and (y) the issuance of a $400 million promissory note by Chobani to a subsidiary of…
An excerpt of the text as filed with the SEC, cut for length.
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