24 03 2016

$6.4 Billion Financing for Acquisition of Keurig Green Mountain, Inc.

Davis Polk advised the administrative agent and collateral agent, and the joint lead arrangers, joint bookrunners and syndication agents, regarding the $6.4 billion credit facilities being provided to Maple Holdings Acquisition Corp., a company controlled by JAB Holding Company S.a.r.l. (“JAB”), certain of its affiliates and certain co-investors, in connection with its acquisition of Keurig Green Mountain, Inc. (“Keurig”).


BofA Merrill Lynch acted as administrative agent, bookrunner and arranger for, and/or as a lender on the transaction. The financing consists of a $3.075 billion term loan A facility, $1.875 billion and €842 million term loan B facilities and a $500 million revolving credit facility. The proceeds of the term loan credit facilities were used to finance the acquisition of Keurig and to refinance Keurig’s existing credit facilities. The revolving credit facility will be used for general corporate and other purposes. Keurig, known for its single-serve coffee brewing systems and beverage products, is a personal beverage system company. JAB is a privately held group focused on investments in companies with premium brands in the consumer goods category. The Davis Polk financing team included partners Meyer C. Dworkin (Picture), James A. Florack, Monica Holland and Jason Kyrwood and associates Stevan R.B. Nicholas, Alexandra (“Z-Z”) L. Cowen and Marisa T. Kirio. Involved fees earner: Meyer Dworkin - Davis Polk & Wardwell; James Florack - Davis Polk & Wardwell; Monica Holland - Davis Polk & Wardwell; Jason Kyrwood - Davis Polk & Wardwell; Stevan Nicholas - Davis Polk & Wardwell; Alexandra Cowen - Davis Polk & Wardwell; Marisa Kirio - Davis Polk & Wardwell;

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