Davis Polk advised the lead arranger and administrative agent in connection with a $1.7 billion 364-day bridge term loan credit facility to Dr Pepper Snapple Group, Inc. Loans borrowed under the facility shall be used by Dr Pepper Snapple to fund its acquisition of Bai Brands LLC, a producer of antioxidant-infused drinks.

Headquartered in Plano, Texas, Dr Pepper Snapple is one of North America’s leading refreshment beverage companies. It markets more than 50 brands of carbonated soft drinks, juices, teas, mixers, waters and other premium beverages. Bai Brands LLC will be an addition to Dr Pepper Snapple’s numerous refreshment brands, including Dr Pepper, Snapple, Canada Dry and Hawaiian Punch.

The Davis Polk credit team included partner Jason Kyrwood and associates Ilona C. Potiha and Andrei Takhteyev. The capital markets team included partner Deanna L. Kirkpatrick and associates Joseph S. Payne, Christopher M. Bezeg and Marisa T. Kirio. All members of the Davis Polk team are based in the New York office.

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