PepsiCo to redeem all outstanding 3.75% notes using offer proceeds

By Jennifer Chiou

New York, July 25 - PepsiCo, Inc. announced the Aug. 26 redemption of all its 3.75% senior notes due 2014.

The company will redeem the notes at par plus accrued interest.

Proceeds from the company's offering of notes, expected to price on Thursday, will be used for the redemption.

The Bank of New York Mellon is the trustee.

The issuer is a Purchase, N.Y.-based global food and beverage company.

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