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Actionable news in DPS: DR PEPPER SNAPPLE GROUP Inc,

Entry into a Material Definitive

On

, Dr Pepper Snapple Group, Inc. ("DPS") issued an aggregate of

$750 million

of senior unsecured notes consisting of

$500 million

aggregate principal amount of its

3.400%

Senior Notes due

2025

(the "

2025

Notes") and

$250 million

aggregate principal amount of its

4.500%

Senior Notes due

2045

(the "

2045

Notes" and, together with the

2025

Notes, the "Notes") under an Indenture, dated as of December 15, 2009, between DPS and Wells Fargo Bank, N.A., as trustee (the "Base Indenture"), as supplemented by the

Fifth

Supplemental Indenture thereto, dated as of

November9, 2015

, among DPS, the guarantors party thereto and Wells Fargo Bank, N.A. (the "

Fifth

Supplemental Indenture" and, together with the Base Indenture, the "Indenture"). Interest on the

2025

Notes is payable on

May 15

and

November 15

of each year, beginning

May 15

,

2016

. Interest on the

2045

Notes is payable on

May 15

and

November 15

of each year, beginning

May 15

,

2016

. The

2025

Notes mature on

November 15, 2025

and the

2045

Notes mature on

November 15, 2045

. The Notes will not be entitled to any sinking fund. The Notes were issued in an underwritten offering registered under the Securities Act of 1933, as amended. Net offering proceeds, after deducting estimated underwriting discounts and offering expenses, were approximately

$740 million

. The net proceeds will be used to retire at maturity DPS'

2.900%

Senior Notes due

January15, 2016

and for general corporate purposes, which may include share repurchases, capital expenditures, working capital, future acquisitions and investments.

The Notes are unsecured and unsubordinated obligations of DPS, rank equally with DPS' existing and future unsecured and unsubordinated indebtedness, including any borrowings under our senior credit facility, and are senior to all of our future subordinated debt. The Notes are jointly and severally guaranteed on an unsecured and unsubordinated basis by all of our domestic subsidiaries (except one immaterial subsidiary associated with charitable purposes).

DPS may redeem the

2025

Notes, in whole or in part, at any time prior to

August 15

,

2025

(three months prior to the maturity date of the

2025

Notes), and the

2045

Notes, in whole or in part, at any time prior to

May 15

,

2045

(six months prior to the maturity date of the

2045

Notes), in each case, at DPS' option, at a redemption price equal to the greater of:

100% of the principal amount of the Notes to be redeemed; and

the sum of the present value of the Remaining Scheduled...


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