CREDIT DAYBOOK AMERICAS: Keurig Inks $18.9b Bridge Loan Deal

Keurig Dr Pepper obtained much as €16.2 billion ($18.9 billion) of bridge loan commitments led by Morgan Stanley and MUFG to help fund its planned acquisition of coffee business JDE Peet’s.

• The financing is bigger than any acquisition-related bridge in the US market this year, with last month’s agreement by Baker Hughes the largest at a maximum $14.9 billion
  • Ultimately, Keurig plans to fund the JDE Peet’s buy through the sale of senior unsecured and junior subordinated debt plus cash on hand
• In other M&A news, people familiar with the matter say buyout firm Thoma Bravo is nearing a roughly ...