PepsiCo Inc. Files Prospectus for €1 Billion Senior Notes Offering to Fund Corporate Ventures

Reuters
29 Jul
PepsiCo Inc. Files Prospectus for €1 Billion Senior Notes Offering to Fund Corporate Ventures

PepsiCo Inc. has announced the offering of €1 billion in senior notes, comprising €500 million of 3.450% Senior Notes due in 2037 and €500 million of 4.050% Senior Notes due in 2055. The issuance was conducted under PepsiCo's automatic shelf registration statement with the SEC, initially filed in February 2024. Joint book-running managers for the offering were Deutsche Bank AG, London Branch, HSBC Bank plc, and Mizuho International plc. PepsiCo aims to use the net proceeds of approximately €989 million for general corporate purposes, including the repayment of commercial paper. The senior notes are unsecured obligations, ranking equally with PepsiCo's other unsecured senior debt.

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