Keurig Dr Pepper (KDP) has completed its previously announced transaction with Chobani, exiting its equity stake and selling certain related assets for total consideration of $925 million. The transactions were completed on September 28, 2026.
Key Details
- Equity Redemption: All of KDP's indirect equity interests in Chobani were redeemed for $800 million, consisting of $400 million in cash and a $400 million promissory note.
- Asset Sale: KDP sold its leasehold interests in two facilities located in Allentown, PA, for an additional $125 million in cash.
- Promissory Note: The $400 million promissory note issued by Chobani to a KDP subsidiary matures on December 26, 2026.