PepsiCo upsizes credit facilities to $5B each, replacing $4.2B agreements

PEPSICO INC

Terminated $4.2B 364-day and $4.2B five-year credit agreements with no outstanding borrowings.
New $5B 364-day facility expires May 23, 2025; new $5B five-year facility expires May 24, 2029.
Both facilities can be increased to $5.75B and include Euro-denominated borrowing options.
Proceeds for general corporate purposes including working capital, investments, and acquisitions.
Citibank N.A. is administrative agent; JPMorgan and Bank of America are syndication agents.

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