secwatch.observer — SEC 8-K summary
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Issuer:     PEPSICO INC (PEP)
CIK:        0000077476
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001104659-24-065151
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77476/000110465924065151/0001104659-24-065151-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77476/000110465924065151/tm2415384d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-065151

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