PepsiCo offers fixed-rate senior notes via three bookrunners

By Devika Patel

Knoxville, Tenn., Oct. 5 – PepsiCo Inc. plans to price an offering of fixed-rate senior notes, according to a 424B2 filed with the Securities and Exchange Commission.

The notes have a make-whole call and then a par call.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners for the dollar-denominated offering.

Also, the company plans to sell euro-denominated fixed-rate senior notes via bookrunners BofA Securities Inc., Deutsche Bank AG London Branch and Goldman Sachs & Co. LLC.

Proceeds from both sales will be used for general corporate purposes, including repaying commercial paper.

PepsiCo is a Purchase, N.Y.-based food and beverage company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.