Keurig plans debt financing for purchase by JAB-led investor group

By Sara Rosenberg

New York, Dec. 8 – Keurig Green Mountain Inc. has received a debt commitment to help fund its acquisition by a JAB Holding Co.-led investor group for $92.00 per share in cash, or a total equity value of about $13.9 billion, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

JAB is buying Keurig in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts BV, a coffee company, including Mondelez International and entities affiliated with BDT Capital Partners.

Closing is expected in the first quarter of 2016, subject to customary conditions, including receipt of regulatory approvals and shareholder approval. The transaction is not subject to a financing condition.

Keurig is a Waterbury, Vt.-based personal beverage system company.

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