PepsiCo issues €1B in senior notes, €500M each due 2029 and 2035, to repay commercial paper

PEPSICO INC

€500M 3.750% Senior Notes due Oct 16, 2029, priced at 99.953%; €500M 4.250% Senior Notes due Oct 16, 2035, priced at 99.824%.
Net proceeds of approximately €994M after underwriting discounts and estimated offering expenses; notes issued October 16, 2026.
Proceeds earmarked for general corporate purposes, including repayment of commercial paper.
Deutsche Bank AG, London Branch and HSBC Bank plc served as joint book-running managers; offering announced October 9, 2026.
Notes are unsecured, rank equally with other senior unsecured debt; interest payable annually beginning October 16, 2027.

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