Coffee and Beverage Maker Keurig Green Mountain Secures $1.8 Billion Credit Facility
Ropes & Gray advised Keurig Green Mountain, Inc. in obtaining a credit agreement with a syndicate of lenders led by Bank of America, which provides Keurig with a $1.8 billion unsecured revolving credit facility. The facility consists of a $1.3 billion U.S. revolving credit facility, under which Keurig may borrow in U.S. Dollars, and a $500 million alternative currency facility under which Keurig and Keurig Trading Sarl, a wholly-owned subsidiary of Keurig, may borrow in U.S. Dollars, Canadian Dollars, Euros, Pounds Sterling, Yen, Swiss Francs or other currencies, subject to customary conditions and approvals. Borrowings under the new credit facility will mature on June 29, 2020.
The Ropes & Gray team was led by tax partner Aaron Harsh.