BURLINGTON, Mass. and PLANO, Texas, April 13, 2020 /PRNewswire/ -- Keurig Dr Pepper (NYSE: KDP ) announced today that it has closed its previously-announced $1.5 billion public offering of senior notes (the "Notes"), in a transaction that was nearly 10x oversubscribed. The offering consists of $750 million aggregate principal amount of 3.20% senior notes due 2030 and $750 million aggregate principal amount of 3.80% senior notes due 2050. Commenting on the announcement, KDP Chief Financial Officer Ozan Dokmecioglu stated, "We are very pleased with the execution of this offering and the continued strong support we receive from the banking community. This proactive refinancing extends our maturities and increases our liquidity to a level that we believe enables us to more than meet our commitments, even in a prolonged downturn, as we continue to exercise financial discipline and ensure the long-term financial health of KDP."