Keurig Dr Pepper gets $800M for Chobani stake

The redemption consideration includes a $400 million promissory note that matures on December 26, 2026, as well as $400 million in cash.

Rhea-AI Filing Summary

Keurig Dr Pepper Inc. subsidiaries DPS Holdings Inc. and Mott’s LLP, along with certain other company affiliates, completed transactions with FHU US Holdings, LLC and its affiliates, collectively Chobani, on September 28, 2026. The transactions included the redemption of all of Keurig Dr Pepper’s indirect equity interests in Chobani for $800 million in aggregate consideration.

The redemption consideration consisted of $400 million in cash and a $400 million promissory note issued by Chobani to a Keurig Dr Pepper subsidiary; the note matures on December 26, 2026. The transactions also included the sale of certain assets, including leasehold interests in two facilities in Allentown, Pennsylvania, for $125 million in cash.

Positive

• Minor pointThe completed asset sale was for $125 million in cash.

Negative

• None.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Aggregate redemption consideration: $800 million Cash redemption consideration: $400 million Promissory note: $400 million +2 more

5 metrics

Aggregate redemption consideration $800 million Redemption of all indirect equity interests in Chobani

Cash redemption consideration $400 million Component of the aggregate consideration for the Chobani equity interests

Promissory note $400 million Issued by Chobani to a Keurig Dr Pepper subsidiary; matures December 26, 2026

Asset sale consideration $125 million in cash Sale included leasehold interests in two facilities in Allentown, Pennsylvania

Facilities Two facilities Leasehold interests included in the asset sale

Key Terms

indirect equity interests, promissory note, leasehold interests

3 terms

indirect equity interests financial

"redemption of all of the Company’s indirect equity interests in Chobani"

promissory note financial

"a $400 million promissory note issued by Chobani"

A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.

leasehold interests financial

"the Company’s leasehold interests in two facilities"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What consideration did KDP receive for its Chobani equity interests?

The redemption of all Keurig Dr Pepper’s indirect equity interests in Chobani had $800 million in aggregate consideration: $400 million in cash and a $400 million promissory note issued by Chobani to a Keurig Dr Pepper subsidiary.

How much did KDP’s affiliates receive for the asset sale?

The sale of certain assets, including leasehold interests in two facilities in Allentown, Pennsylvania, was for $125 million in cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/28/2026 - 04:36 PM Accepted by SEC EDGAR 09/28/2026 - 04:35 PM Learn about SEC filing dates

0001418135False00014181352026-09-282026-09-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 28, 2026

Keurig Dr Pepper Inc.

(Exact name of Registrant as specified in its charter)

Delaware

001-33829

98-0517725

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)

6425 Hall of Fame Lane, Frisco, Texas 75034

(Address of principal executive offices, including zip code)

(800) 527-7096

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

KDP

The Nasdaq Stock Market LLC

Item 8.01. Other Events.

On September 28, 2026, DPS Holdings Inc. and Mott’s LLP, each a wholly-owned subsidiary of Keurig Dr Pepper Inc. (the “Company”), and certain other affiliates of the Company completed the previously announced transactions with FHU US Holdings, LLC, and certain of its affiliates (collectively, “Chobani”), including (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 and (y) a $400 million promissory note issued by Chobani to a subsidiary of the Company, which matures on December 26, 2026, and (ii) the sale of certain assets, including the Company’s leasehold interests in two facilities located in Allentown, Pennsylvania, for $125 million in cash.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

KEURIG DR PEPPER INC.

Date: September 28, 2026

By:

/s/ Anthony Shoemaker

Name:

Anthony Shoemaker

Title:

Chief Legal Officer, General Counsel and Secretary

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB