On July 21, 2025, PepsiCo announced an offering of €500,000,000 aggregate principal amount of its 3.450% Senior Notes due 2037 and €500,000,000 aggregate principal amount of its 4.050% Senior Notes due 2055. The Notes were issued on July 28, 2025.

1. 01

   On July 21, 2025, PepsiCo announced an offering of €500,000,000 aggregate principal amount of its 3.450% Senior Notes due 2037 and €500,000,000 aggregate principal amount of its 4.050% Senior Notes due 2055. The Notes were issued on July 28, 2025.

2. 02

   PepsiCo said it received net proceeds of approximately €989 million after deducting underwriting discounts and estimated offering expenses. The company said it will use the proceeds for general corporate purposes, including the repayment of commercial paper.

3. 03

   PepsiCo disclosed that the 2037 Notes mature on July 28, 2037 and the 2055 Notes mature on July 28, 2055. Interest is payable annually on July 28, commencing on July 28, 2026, and the price to public is 99.546% and 99.674%, respectively.

4. 04

   The company disclosed that for the 2037 Notes, prior to April 28, 2037 there is a make-whole call at comparable government bond rate plus 15 basis points, and a par call at any time on or after that date. The Notes are unsecured obligations and rank equally with PepsiCo's other unsecured senior indebtedness.

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Original filing

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