Dr Pepper/Seven-up Cos. has slashed the pricing of its bank debt through a $625 million refinancing, led by Bankers Trust Co.

The new credit replaces a bank loan obtained just a year ago as part of a recapitalization of the Dallas-based maker of soft drinks. Last year's deal was also led by Bankers Trust.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.