debt
confidence high
sentiment neutral
materiality 0.40
PepsiCo issues $1.25B in senior notes; two tranches for general corporate purposes
PEPSICO INC
- $750M of 3.600% Senior Notes due 2028 and $500M of 4.200% Senior Notes due 2052 issued July 18.
- Net proceeds of approximately $1.241B; will repay commercial paper and for general corporate purposes.
- Goldman Sachs, Mizuho, and Morgan Stanley acted as joint book-running managers.
- Notes are unsecured and rank equally with existing senior indebtedness.