Filing excerpt
On September 28, 2026, DPS Holdings Inc. and Mott’s LLP, each a wholly-owned subsidiary of Keurig Dr Pepper Inc. (the “Company”), and certain other affiliates of the Company completed the previously announced transactions with FHU US Holdings, LLC, and certain of its affiliates (collectively, “Chobani”), including (i) the redemption of all of the Company’s indirect equity interests in Chobani for aggregate consideration of $800 million, consisting of (x) $400 million in cash and (y) a $400 million promissory note issued by Chobani to a subsidiary of the Company, which matures on December 26, 2026, and (ii) the sale of certain assets, including the Company’s leasehold interests in two facilities located in Allentown, Pennsylvania, for $125 million in cash.