Keurig Dr Pepper raised two billion dollars through a public share offering to reduce its debt load before splitting into two independent companies early next year. The beverage maker priced fifty-eight million shares at thirty-four dollars and fifty cents each.
KEURIG DR PEPPER INC raised $2B through a public share offering on Thursday morning to pay down debt ahead of its planned corporate split. The beverage maker priced 58 million shares at $34.50 each. The equity sale gives the company liquidity as it prepares to divide into two separate entities.
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