Financing ·
PepsiCo prices €500M of 3.75% notes due 2029 and €500M of 4.25% notes due 2035
PEPPepsico Inc
PepsiCo issued €1 billion in senior unsecured notes, comprising €500 million of 3.750% Notes due October 16, 2029 and €500 million of 4.250% Notes due October 16, 2035. The company received net proceeds of approximately €994 million after deducting underwriting discounts and offering expenses. Proceeds will be used for general corporate purposes, including the repayment of commercial paper. The notes rank equally with all other unsecured senior indebtedness and feature make-whole redemption options prior to specified dates in 2029 and 2035. PepsiCo operates in the food and beverage industry, manufacturing, marketing, and distributing a wide range of convenient foods, snacks, and beverages.