The company said its wholly owned subsidiary, PepsiCo Singapore Financing I Pte. Ltd., issued 100% Floating Rate Notes due 2027 $300,000,000, 4.650% notes due 2027 $550,000,000, 4.550% notes due 2029 $450,000,000 and 4.700% notes due 2034 $450,000,000 on February 16, 2024.

1. 01

   The company said its wholly owned subsidiary, PepsiCo Singapore Financing I Pte. Ltd., issued 100% Floating Rate Notes due 2027 $300,000,000, 4.650% notes due 2027 $550,000,000, 4.550% notes due 2029 $450,000,000 and 4.700% notes due 2034 $450,000,000 on February 16, 2024.

2. 02

   PepsiCo said the notes are unsecured obligations of the issuing subsidiary, that PepsiCo fully and unconditionally guarantees them on a senior unsecured basis, and that they rank equally with the other unsecured senior debt of the issuer and PepsiCo.

3. 03

   The company said the issuer received net proceeds of about $1,739 million, after deducting underwriting discounts and estimated offering expenses, and that it will use the proceeds for general corporate purposes, including repaying commercial paper.

4. 04

   The company said the Floating Rate Notes mature on February 16, 2027, bear interest at Compounded SOFR plus 0.560% and pay interest quarterly, while the fixed-rate notes at 4.650%, 4.550% and 4.700% pay interest semi-annually.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.