PepsiCo plans to offer fixed-rate senior notes via BofA Securities

By Mary-Katherine Stinson

Lexington, Ky., Nov. 8 – PepsiCo, Inc. is planning to offer a single tranche of dollar-denominated fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission.

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.

BofA Securities, Inc., is the bookrunner.

Bank of New York Mellon is the trustee.

Davis Polk & Wardwell LLP is the counsel to PepsiCo as to New York law and Womble Bond Dickinson (US) LLP is acting as counsel for PepsiCo regarding North Carolina 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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