JDE Peet's Seeks Bondholder Approval Prior to Integration into Maple Group
JDE Peet's N.V. is calling on holders of its outstanding bonds to approve amendments to the terms related to the new structure of the Maple group, following the acquisition by Keurig Dr Pepper and the subsequent separation of operations.
Consent Solicitation Process
JDE Peet's is conducting separate consent solicitations for holders of each series of outstanding bonds. The aim is to amend the terms to reflect the new structure of the Maple group following the completion of the acquisition and separation, and to introduce Guarantors responsible for securing the Issuer's payment obligations under the bonds. These amendments concern conditions 3 (Guarantees and Status), 4 (Negative Covenant), and 10(a) (Events of Default). Bondholders will approve these amendments by separate extraordinary resolution for each series.
Timeline and Meetings
The solicitations begin on Friday, April 24, 2026. The deadline to submit a consent instruction to qualify for the Early Consent Fee is set for 5 PM (Central European Summer Time) on May 5, 2026. The final expiration deadline is May 13, 2026, at the same time. The first bondholders' meeting (for the bonds maturing in December 2027) will be held on May 18, 2026, at 10 AM (Amsterdam time), followed by successive meetings for each other series at intervals of five minutes or after the conclusion of the previous meeting. The results will be announced as soon as possible after the meetings, with the implementation date expected around May 18, 2026.
