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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Keurig Dr Pepper Inc | NYSE:KDP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.05 | 0 | 01:00:00 |
Issuer:
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Dr Pepper Snapple Group, Inc.
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Guarantors:
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The Notes will be fully and unconditionally guaranteed by the Issuer’s existing and future subsidiaries that guarantee any of its other indebtedness. Upon the closing of the Issuer’s acquisition of Bai Brands LLC (“Bai”), Bai will fully and unconditionally guarantee the Notes.
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Expected Ratings (Moody's / S&P)*:
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Baa1 (stable) / BBB+ (stable)
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Trade Date:
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December 5, 2016
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Settlement Date (T+7):
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December 14, 2016
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Special Mandatory Redemption
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If the Issuer does not consummate the acquisition of Bai on or prior to December 14, 2017, or if the related merger agreement is terminated on or prior to December 14, 2017, the Issuer will redeem each series of Notes at a redemption price equal to 101% of the principal amount of the applicable series of Notes, plus accrued and unpaid interest to the date of such special mandatory redemption.
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Change of Control:
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Upon the occurrence of a “Change of Control Triggering Event,” the Issuer will be required, unless it has exercised its right to redeem the Notes or initiated a special mandatory redemption, within a specified period, to make an offer to repurchase all of each series of Notes at a price equal to 101% of the principal amount of the applicable series of Notes, plus any accrued and unpaid interest to the date of repurchase.
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Denominations:
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$2,000 x $1,000
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Joint Book-Running Managers:
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Credit Suisse Securities (USA) LLC
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Merrill Lynch, Pierce, Fenner & Smith
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Incorporated
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Morgan Stanley & Co. LLC
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Deutsche Bank Securities Inc.
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Senior Co-Managers:
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BB&T Capital Markets, a division of BB&T Securities, LLC
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Goldman, Sachs & Co.
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HSBC Securities (USA) Inc.
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U.S. Bancorp Investments, Inc.
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Wells Fargo Securities, LLC
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Co-Managers:
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MUFG Securities Americas Inc.
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Rabo Securities USA, Inc.
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The Williams Capital Group, L.P.
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2.530% Senior Notes due 2021
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3.130% Senior Notes due 2023
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3.430% Senior Notes due 2027
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4.420% Senior Notes due 2046
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Size:
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$250,000,000
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$500,000,000
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$400,000,000
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$400,000,000
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Maturity Date:
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November 15, 2021
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December 15, 2023
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June 15, 2027
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December 15, 2046
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Interest Payment Dates:
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Each May 15 and November 15, beginning on May 15, 2017
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Each June 15 and December 15, beginning on June 15, 2017
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Each June 15 and December 15, beginning on June 15, 2017
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Each June 15 and December 15, beginning on June 15, 2017
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Coupon (Interest Rate):
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2.530%
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3.130%
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3.430%
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4.420%
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Price to Public (Issue Price):
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99.960%
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99.962%
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99.956%
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99.917%
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Yield to Maturity:
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2.539%
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3.136%
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3.435%
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4.425%
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Benchmark Treasury:
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UST 1.750% due November 30, 2021
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UST 2.125% due November 30, 2023
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UST 2.000% due November 15, 2026
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UST 2.250% due August 15, 2046
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Benchmark Treasury Price and Yield:
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99-18+; 1.839%
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99-19+; 2.186%
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96-19+; 2.385%
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84-00+; 3.075%
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Spread to Benchmark Treasury:
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0.700% (70 basis points)
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0.950% (95 basis points)
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1.050% (105 basis points)
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1.350% (135 basis points)
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Make-Whole Call:
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T+12.5 basis points (prior to October 15, 2021)
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T+15 basis points (prior to October 15, 2023)
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T+20 basis points (prior to March 15, 2027)
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T+25 basis points (prior to June 15, 2046)
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Par Call:
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On or after October 15, 2021
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On or after October 15, 2023
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On or after March 15, 2027
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On or after June 15, 2046
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CUSIP/ISIN:
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26138E AV1/ US26138EAV11
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26138E AW9/ US26138EAW93
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26138E AX7/ US26138EAX76
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26138E AY5/ US26138EAY59
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1 Year Keurig Dr Pepper Chart |
1 Month Keurig Dr Pepper Chart |
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