KDP and Nutrabolt Strike Strategic Partnership with $863 Million Investment

Dear Client: Having just last month announced a $50 million investment in non-alc craft leader, Athletic Brewing, Keurig Dr Pepper said today it will make a cash investment in performance energy brand Nutrabolt of $863 million “in exchange for preferred equity with a 5% annual coupon paid in cash or in-kind."   A 30% STAKE. The $863 million investment (approximately $740 million net of anticipated cash tax benefits) gives KDP "an ownership stake of approximately 30%," according to the announcement, making