PepsiCo announced the issuance of February 5, 2025 senior notes: 4.400% notes due 2027 totaling $500,000,000, 4.450% notes due 2028 totaling $750,000,000, 4.600% notes due 2030 totaling $1,000,000,000, and 5.000% notes due 2035 totaling $1,250,000,000.

1. 01

   PepsiCo announced the issuance of February 5, 2025 senior notes: 4.400% notes due 2027 totaling $500,000,000, 4.450% notes due 2028 totaling $750,000,000, 4.600% notes due 2030 totaling $1,000,000,000, and 5.000% notes due 2035 totaling $1,250,000,000.

2. 02

   PepsiCo said it received net proceeds of approximately $3,483 million after deducting underwriting discounts and estimated offering expenses. The company said it will use the proceeds for general corporate purposes, including repaying commercial paper.

3. 03

   The company said the notes were issued on February 7, 2025 and pay interest semi-annually in arrears on February 7 and August 7 of each year, with the first interest payment due on August 7, 2025. The notes mature on 2027, 2028, 2030 and 2035, respectively, each on February 7.

4. 04

   PepsiCo said the notes due 2027 and 2028 carry a make-whole call at Treasury Rate plus 5 basis points, and the notes due 2030 and 2035 carry a make-whole call at Treasury Rate plus 10 basis points. The notes are unsecured and rank equally with the company's other unsecured senior indebtedness.

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