PepsiCo unit plans to offer senior notes via four bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Feb. 12 – PepsiCo, Inc.’s wholly owned subsidiary, PepsiCo Singapore Financing I Pte. Ltd., is planning to offer a single tranche of dollar-denominated fixed-rate senior notes (A+), according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by the parent company.

The notes will be callable with a make whole premium until the par call date, a number of months before the maturity date, when they will be callable at par plus accrued interest.

Deutsche Bank AG, Singapore Branch, Goldman Sachs (Singapore) Pte., Mizuho Securities (Singapore) Pte. and Morgan Stanley Asia (Singapore) Pte. are the bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Davis Polk & Wardwell LLP is the counsel to PepsiCo and the issuer as to New York law and Womble Bond Dickinson (US) LLP is acting as counsel for PepsiCo as to North Carolina law. The issuer will also be advised by WongPartnership LLP as to Singapore law.

Jones Day is the counsel for the underwriters.

Proceeds will be used for general corporate purposes, including the repayment of commercial paper.

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

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