PepsiCo prices $3.0B multi-tranche senior notes offering

PEPSICO INC

Issued $350M floating-rate notes (SOFR+0.40%) due 2026, $500M 4.550% notes due 2026, $650M 4.450% notes due 2028, $1B 4.450% notes due 2033, $500M 4.650% notes due 2053.
Net proceeds of ~$2.983B from the offering will be used for general corporate purposes, including repayment of commercial paper.
Notes are unsecured senior obligations ranking equally with PepsiCo's other unsecured senior debt; issued under existing indenture with BNY Mellon as trustee.
Joint book-running managers: BofA Securities, Citigroup Global Markets, and J.P. Morgan Securities.

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