secwatch.observer — SEC 8-K summary
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Issuer:     PEPSICO INC (PEP)
CIK:        0000077476
Form:       8-K
Filed at:   2022-12-12T23:59:59+00:00
Accession:  0001104659-22-126298
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PepsiCo defeases ten series of legacy Quaker Oats notes with cash and U.S. government securities
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- Deposited funds sufficient to pay principal and interest on 10 Notes maturing 2023-2026, with coupons from 6.79% to 7.77%.
- Defeasance effective April 12, 2023; outstanding obligations under the Indenture will be discharged.
- Transaction expected to be treated as a taxable exchange for U.S. federal income tax purposes.
- Notes were originally issued by The Quaker Oats Company; PepsiCo succeeded as obligor under the Indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77476/000110465922126298/0001104659-22-126298-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77476/000110465922126298/tm2232006d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-126298

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