Dr Pepper Snapple Group Announces Pricing Terms of Debt Exchange and Cash Tender Offers for Its 6.82% Senior Notes Due 2018
Dr Pepper Snapple Group, Inc. (NYSE: DPS) today announced the pricing terms of (1) its private offer to exchange up to $600 million in aggregate principal amount of its outstanding 6.82% Senior Notes due 2018 (2018 Notes) for a like principal amount of a new series of Senior Notes due 2020 (Exchange Notes) plus cash (Exchange Offer) and (2) its offer to purchase up to $600 million in aggregate principal amount of its 2018 Notes for cash only (Tender Offer).