PepsiCo issues €500 million each of senior notes due 2029 and 2035

PepsiCo issued €500 million of 3.750% senior notes due 2029 and €500 million of 4.250% senior notes due 2035 on October 16, 2026. The company had announced the offering on October 9, 2026.

Deutsche Bank AG, London Branch and HSBC Bank plc were joint book-running managers for the offering. The notes were sold under a terms agreement dated October 9, 2026, among PepsiCo and the several underwriters, under the company's automatic shelf registration statement. PepsiCo said the net proceeds will be used for general corporate purposes, including the repayment of commercial paper.

The 2029 notes were priced to the public at 99.953% and the 2035 notes at 99.824%. Each series pays interest annually in arrears on October 16, starting October 16, 2027.

The notes are unsecured obligations of PepsiCo and rank equally with all of its other unsecured senior indebtedness. The notes were issued under an indenture dated February 12, 2024, with U.S. Bank Trust Company, National Association, as trustee. The indenture contains customary event of default provisions.