PepsiCo said on July 21, 2025 that it would issue 2029, 2030, 2032 and 2035 senior notes in amounts of $750,000,000, $650,000,000, $850,000,000 and $1,250,000,000, respectively.

1. 01

   PepsiCo said on July 21, 2025 that it would issue 2029, 2030, 2032 and 2035 senior notes in amounts of $750,000,000, $650,000,000, $850,000,000 and $1,250,000,000, respectively.

2. 02

   The company said it received net proceeds of about $3,484 million, after deducting underwriting discounts and estimated offering expenses, and that it will use the proceeds for general corporate purposes, including repaying commercial paper.

3. 03

   The company set the coupons at 4.100% for the 2029 notes, 4.300% for the 2030 notes, 4.650% for the 2032 notes and 5.000% for the 2035 notes, with maturities of January 15, 2029, July 23, 2030, July 23, 2032, July 23 and 2035, respectively.

4. 04

   The company said each series carries a make-whole call at the Treasury Rate plus 5 basis points for the 2029 notes and 10 basis points for the others. It also said the notes are unsecured and rank equally with its other unsecured senior debt.

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