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Keurig Dr Pepper’s Shares Fizz Amid Private Equity Cash Infusion

Dr Pepper’s getting a 24th flavor: leveraged buyout with notes of debt restructuring. Parent company Keurig Dr Pepper (KDP for short) scored 7billionfromKKR,ApolloGlobalManagementandGoldmanSachs.Theinvestmentwillbedivviedup,with7 billion from KKR, Apollo Global Management and Goldman Sachs. The investment will be divvied up, with 4 billion going toward making new K-Cup pods and $3 billion put into preferred convertible stock. The beverage conglomerate also lifted its annual sales forecast, and shares of the company (which owns brands including Canada Dry, Snapple and Hawaiian Punch) fizze ...