PepsiCo 8-K

Summary

PepsiCo issued €1.0B of senior notes on 10/16/2026, with ≈€994M in net proceeds for general corporate purposes, including repayment of commercial paper.

Key Figures

• €500M principal amount of 3.750% notes due 10/16/2029; public offering price 99.953% of principal.
• €500M principal amount of 4.250% notes due 10/16/2035; public offering price 99.824% of principal.
• Interest is payable annually in arrears each 10/16, beginning 10/16/2027. Both tranches are unsecured and rank equally with PepsiCo’s other unsecured senior indebtedness.
• The 2029 notes are callable at par on or after 9/16/2029; before then, a make-whole call applies at the comparable government bond rate plus 10 bp. The 2035 notes are callable at par on or after 7/16/2035; before then, a make-whole call applies at that rate plus 15 bp.