Actionable news
All posts from Actionable news
Actionable news in PEP: PEPSICO Inc,

PepsiCo Senior Notes

On October8, 2015, PepsiCo,Inc. (PepsiCo) announced an offering of $700,000,000 of its Floating Rate Notes due 2017 (the Floating Rate Notes), $450,000,000 of its 1.000% Senior Notes due 2017 (the 2017 Notes), $1,100,000,000 of its 2.150% Senior Notes due 2020 (the 2020 Notes) and $750,000,000 of its 4.450% Senior Notes due 2046 (the 2046 Notes and, together with the Floating Rate Notes, 2017 Notes and 2020 Notes, the Notes). Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner& Smith Incorporated were joint bookrunners for the offering of the Notes.

The public offering price of the Floating Rate Notes was 100.000% of the principal amount, the public offering price of the 2017 Notes was 99.789% of the principal amount, th e public offering price of the 2020 Notes was 99.892% of the principal amount and the public offering price of the 2046 Notes was 99.735% of the principal amount. PepsiCo received net proceeds of approximately $2,984 million, after deducting underwriting discounts and estimated offering expenses payable by PepsiCo. The net proceeds will be used for general corporate purposes, including the repayment of commercial paper. The Notes were offered and sold pursuant to a Terms Agreement (the Terms Agreement) dated October8, 2015 (incorporating the Underwriting Agreement Standard Provisions dated October8, 2015) among PepsiCo and the representatives of the several underwriters, under PepsiCos automatic shelf registration statement (the Registration Statement) on FormS-3 (Registration No.333-197640), filed with the Securities and Exchange Commission (the SEC) on July25, 2014. PepsiCo has filed with the SEC a prospectus supplement, dated October8, 2015, together with the accompanying prospectus, dated July25, 2014, relating to the offer and sale of the Notes. The Notes were issued on October14, 2015 pursuant to an Indenture (the Indenture) dated as of May21, 2007 between PepsiCo and The Bank of New York Mellon, as Trustee. The following table summarizes information about the Notes and the offering...