Keurig Dr Pepper nets more funding for JDE Peet’s deal

Keurig Dr Pepper has secured additional financing for its €15.7bn ($18.36bn) acquisition of Dutch coffee group JDE Peet’s and subsequent split of the combined business into two. The US soft drinks company has taken the convertible preferred equity investment earmarked for the future company so far dubbed Beverage Co. from $3bn to $4.5bn. As a result, Keurig Dr Pepper said it no longer plans to pursue a partial IPO of Beverage Co., which will focus on the amalgamated company's non-coffee drinks. Keurig ...