PepsiCo said on October 9, 2026 it announced an offering of 3.750% 2029 senior notes totaling €500,000,000 and 4.250% 2035 senior notes totaling €500,000,000, and the notes were issued on October 16, 2026.

1. 01

   PepsiCo said on October 9, 2026 it announced an offering of 3.750% 2029 senior notes totaling €500,000,000 and 4.250% 2035 senior notes totaling €500,000,000, and the notes were issued on October 16, 2026.

2. 02

   The company received net proceeds of about €994 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 due 2029 mature on October 16, 2029 and the notes due 2035 mature on October 16, 2035. Interest is paid annually in arrears on October 16, beginning on October 16, 2027. The public offering prices are 99.953% and 99.824%, respectively.

4. 04

   The company said the make-whole call on the notes due 2029 is at the comparable government bond rate plus 10 basis points, and on the notes due 2035 it is 15 basis points. The notes are unsecured and rank equally with its other unsecured senior indebtedness.

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