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Bulletin: Keurig Dr Pepper Inc. Maintains Strong Operating Performance In Line With Expectations And Continues To Deleverage

Published Nov 12, 2019

2 pages (1165 words) — Published Nov 12, 2019

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Abstract:

NEW YORK (S&P Global Ratings) Nov. 12, 2019--S&P Global Ratings said today that Keurig Dr Pepper Inc.'s (BBB/Stable/A-2) operating results continued to be strong in the third quarter and were in line with expectations. The company is on track to meet S&P Global Ratings' forecast, which includes adjusted debt to EBITDA in the mid-4x area by year-end 2019. We estimate its pro forma adjusted leverage declined to 4.8x for the trailing 12 months ended Sept. 30, 2019 (including $338 million of structured payables and deferred payables beyond 120 days) compared with pro forma 5.4x at year-end 2018 and 5.8x at the close of the transaction in July 2018. In the quarter, we estimate its accounts payable days were slightly over

Report Type:

Bulletin

Ticker

DPS-MERG

Issuer

Keurig Dr Pepper Inc.

GICS

Soft Drinks (30201030)

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Keurig Dr Pepper Inc. Maintains Strong Operating Performance In Line With Expectations And Continues To Deleverage" Nov 12, 2019. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Keurig-Dr-Pepper-Inc-Maintains-Strong-Operating-Performance-In-Line-With-Expectations-And-Continues-To-Deleverage-2337767>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Keurig Dr Pepper Inc. Maintains Strong Operating Performance In Line With Expectations And Continues To Deleverage Nov 12, 2019. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Keurig-Dr-Pepper-Inc-Maintains-Strong-Operating-Performance-In-Line-With-Expectations-And-Continues-To-Deleverage-2337767>

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