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S&P gives Keurig Dr Pepper notes BBB
S&P said it gave Keurig Dr Pepper Inc.’s planned senior unsecured notes a BBB rating.
The BBB rating is consistent with S&P’s ratings on the company and its outstanding senior unsecured debt.
The proceeds are expected to be used for upcoming debt maturities and repay in full and terminate its $425 million term loan A facility. The company also entered into a new $1.5 billion, 364-day credit facility, which replaces its current facility.
“We view the bond offering as credit-positive as it enhances liquidity by extending the duration and lowering interest rates,” S&P said in a press release.
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