PepsiCo agrees to guarantee several notes series of its subsidiaries

By Jennifer Chiou

New York, Oct. 5 - PepsiCo, Inc. entered into a guarantee with its wholly owned subsidiaries Bottling Group, LLC and Pepsi-Cola Metropolitan Bottling Co., Inc. under which PepsiCo agreed to guarantee several of the subsidiaries' notes series, according to an 8-K filing with the Securities and Exchange Commission.

The Purchase, N.Y., beverage and food company specifically said it will provide guarantees for the following Bottling Group notes:

• 5% senior notes due Nov. 15, 2013;

• 4.125% senior notes due June 15, 2015;

• 5.5% senior notes due April 1, 2016; and

• 5.125% senior notes due Jan. 15, 2019.

The guarantees also apply to the following series of notes issued by Pepsi-Cola Metropolitan's predecessor PepsiAmericas, Inc. or PepsiAmericas' predecessor Whitman Corp.:

• 5.625% notes due May 31, 2011;

• 5.75% notes due July 31, 2012;

• 4.5% notes due March 15, 2013;

• 4.375% notes due Feb. 15, 2014;

• 4.875% notes due Jan. 15, 2015;

• 7.625% notes due June 15, 2015;

• 5% notes due May 15, 2017;

• 7.29% notes due Sept. 15, 2026;

• 7.44% notes due Sept. 15, 2026; and

• 5.5% notes due May 15, 2035.

The company also agreed to guarantee the 7% senior notes due March 1, 2029 issued by Pepsi Bottling Group, Inc.

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