PepsiCo’s Hillbrook unit to redeem 5.9% series A preferreds on Dec. 29

By Marisa Wong

Morgantown, W.Va., Nov. 14 – PepsiCo, Inc. said subsidiary Hillbrook, Inc. intends to call for redemption all 500 outstanding shares of its 5.9% cumulative preferred stock, series A.

The series A preferreds will be redeemed at a redemption price per share of $100,721.11, including accumulated dividends, for an aggregate redemption price of about $50.4 million.

The redemption date will be Dec. 29, according to an 8-K filing with the Securities and Exchange Commission.

The food and beverage company is based in Purchase, N.Y.

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