PepsiCo (PEP) has released an update.
PepsiCo’s wholly owned subsidiary, PepsiCo Singapore Financing I Pte. Ltd., has announced a significant securities offering consisting of various Senior Notes with maturities ranging from 2027 to 2034 and totaling $1.75 billion in aggregate principal. These offerings, with interest rates from floating to 4.700%, are guaranteed by PepsiCo and managed by major financial institutions like Deutsche Bank and Goldman Sachs. The net proceeds are earmarked for general corporate purposes, including debt repayment. The offering leverages an automatic shelf registration statement and includes customary default provisions.
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