March 26, 2026
Weil advised the initial purchasers in connection with an offering by Maple Parent Holdings Corp. (a subsidiary of Keurig Dr Pepper) of approximately $6 billion U.S. dollar-equivalent of senior notes, denominated in dollars and euros. The transaction priced on March 12, 2026 and closed on March 26, 2026. The proceeds will be used to partially finance Keurig Dr Pepper Inc.’s acquisition of JDE Peet’s. After the acquisition closes, Keurig Dr Pepper Inc. plans to separate into two independent, U.S.-listed publicly traded companies pursuant to a proposed tax-free spin-off of its global coffee business.
Keurig Dr Pepper is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. Their brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop®.
JDE Peet’s is the world’s leading pure-play coffee company, serving approximately 4,400 cups of coffee per second in more than 100 markets, with a portfolio of strong iconic brands including Peet’s, L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona.
The Weil deal team was led by Capital Markets Co-Head Michael Hickey and included Capital Markets partner Barbra Broudy, counsel Sakshi Sharma and associates Jessica Zhang (Not Yet Admitted in New York), Danny O’Hara and Helen Lim (Not Yet Admitted in New York), as well as Banking & Finance partner Jessie Chiang and associates Megan Teltschik and Nicole Reynolds. The deal team also included London Finance partner Andrew Hagan, counsel Angela Ryu and associate Nastassia Merlino; Tax partner Jason Vollbracht and counsel Dylan Lionberger; London Tax partner Oliver Walker and counsel Akash Mehta; and Regulatory Transactions partner Antonia Tzinova and associates Colin Cox and Sisi Liu.