PepsiCo issues $2.23B in senior notes across three tranches

PEPSICO INC

$850M 4.500% notes due 2029, $650M 4.800% notes due 2034, $750M 5.250% notes due 2054.
Net proceeds of ~$2.232B; used for general corporate purposes including commercial paper repayment.
Notes are unsecured senior obligations ranking equally with existing unsecured debt.
Issued July 17, 2024; joint book-runners: BofA, Citigroup, J.P. Morgan.

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