Keurig Dr Pepper (NYSE: KDP) announced today the pricing of its previously-announced registered public secondary offering of 45 million shares, or approximately 3.2%, of the Company's outstanding common stock, at a price to the public of $29.15 per share. All of the shares have been offered by Maple Holdings B.V.. Maple is a holding company majority-owned by JAB Holdings B.V..

Upon completion of the offering, Maple and JAB will collectively own approximately 49.5% of the Company's outstanding common stock. Maple may distribute the proceeds of the offering to its members or otherwise redeem interests of its members from time to time, including JAB.

Goldman Sachs & Co. LLC is acting as underwriter for the offering.

About Keurig Dr Pepper

Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 26,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.