Press release
PepsiCo Announces Cash Tender Offers for Certain Outstanding Debt Securities
PURCHASE, N.Y., Oct. 6, 2021 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it has commenced cash tender offers (collectively, the "Offers")
About this update from Pepsico, Inc.
[{"type":"text","content":"PURCHASE, N.Y., Oct. 6, 2021 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that it has commenced cash tender offers (collectively, the \"Offers\") for up to $4.0 billion aggregate purchase price (excluding accrued and unpaid interest to, but not including, the applicable settlement date and excluding fees and expenses related to the Offers) (the \"Maximum Tender Amount\") of the debt securities listed in the table below (collectively, the \"Securities\"). The Offers are subject to the proration procedures described in the Offer to Purchase dated October 6, 2021, as amended or supplemented (the \"Offer to Purchase\"), and order of priority (the \"Acceptance Priority Levels\" as set forth in the table below under \"Acceptance Priority Level\"), and are made to each registered holder of Securities (individually, a \"Holder,\" and collectively, the \"Holders\").\nThe following table sets forth certain information regarding the Securities and the Offers:\nTitle of Security\nCUSIP Number\nPrincipal Amount Outstanding(in millions)\nAcceptance Priority Level(1)\nReference U.S. Treasury Security\nBloomberg Reference Page(2)\nFixed Spread (basis points)\nEarly Tender Premium(3)\nHypothetical Total Consideration(3)(4)(5)\n5.50% Senior Notes due 2035\n713448 EH7\n$105.7\n1\n1.25% UST due August 15, 2031\nFIT1\n+80\n$30\n$1,370.84\n5.50% Senior Notes due 2035, Series A\n713448 ED6; U71344 BF8\n$1.1\n1\n1.25% UST due August 15, 2031\nFIT1\n+80\n$30\n$1,370.84\n5.50% Senior Notes due 2040\n713448 BP2\n$592.3\n2\n1.75% UST due August 15, 2041\nFIT1\n+55\n$30\n$1,427.23\n4.875% Senior Notes due 2040 \n713448 BS6\n$340.3\n3\n1.75% UST due August 15, 2041\nFIT1\n+55\n$30\n$1,348.08\n4.600% Senior Notes due 2045 \n713448 CZ9\n$500.0\n4\n2.375% UST due May 15, 2051\nFIT1\n+67\n$30\n$1,321.91\n4.450% Senior Notes due 2046 \n713448 DD7\n$1,500.0\n5\n2.375% UST due May 15, 2051\nFIT1\n+68\n$30\n$1,300.89\n4.250% Senior Notes due 2044\n713448 CQ9\n$500.0\n6\n1.75% UST due August 15, 2041\nFIT1\n+73\n$30\n$1,253.63\n4.000% Senior Notes due 2042 \n713448 BZ0\n$750.0\n7\n1.75% UST due August 15, 2041\nFIT1\n+62\n$30\n$1,216.13\n4.000% Senior Notes due 2047 \n713448 DV7\n$750.0\n8\n2.375% UST due May 15, 2051\nFIT1\n+68\n$30\n$1,228.94\n3.875% Senior Notes due 2060 \n713448 EV6\n$750.0\n9\n2.375% UST due May 15, 2051\nFIT1\n+76\n$30\n$1,247.08...