PepsiCo Files 8-K on Financial Instruments

TL;DR

PepsiCo filed an 8-K updating its financial instruments, mostly debt notes. Nothing major new.

AI Summary

On May 24, 2024, PepsiCo Inc. filed an 8-K report detailing various financial instruments, including common stock and several series of notes with varying interest rates and maturity dates. The filing primarily serves as an informational update regarding these financial obligations and does not appear to announce any new material events or transactions.

Why It Matters

This filing provides transparency into PepsiCo's outstanding debt and equity structure, which can be relevant for investors and creditors assessing the company's financial health and capital structure.

Risk Assessment

Risk Level: low — The filing is routine and informational, primarily detailing existing financial instruments without announcing new material events.

Key Numbers

• 2.625% — Interest Rate on Notes Due 2026 (Represents a specific debt instrument issued by PepsiCo.)
• 0.75% — Interest Rate on Notes Due 2027 (Represents a specific debt instrument issued by PepsiCo.)
• 0.875% — Interest Rate on Notes Due 2028 (Represents a specific debt instrument issued by PepsiCo.)
• 0.5% — Interest Rate on Notes Due 2028 (Represents a specific debt instrument issued by PepsiCo.)
• 3.2% — Interest Rate on Notes Due 2029 (Represents a specific debt instrument issued by PepsiCo.)

Key Players & Entities

• PEPSICO INC (company) — Filer
• 0000077476 (company) — Central Index Key
• 20240524 (date) — Filing Date

FAQ

Key Financial Figures

• $4,200,000,000 — siCo, Inc. (" PepsiCo ") terminated the $4,200,000,000 364 day unsecured revolving credit agre
• $5,000,000,000 — ay 24, 2024, PepsiCo entered into a new $5,000,000,000 364 day unsecured revolving credit agre
• $5,750,000,000 — reement to up to an aggregate amount of $5,750,000,000 in U.S. Dollars and/or Euros. PepsiCo m
• $750,000,000 — U.S. Dollars and/or Euros, including a $750,000,000 swing line subfacility for Euro-denomin

Filing Documents

• tm2415384d1_8k.htm (8-K) — 54KB
• tm2415384d1_ex99-1.htm (EX-99.1) — 648KB
• tm2415384d1_ex99-2.htm (EX-99.2) — 611KB
• 0001104659-24-065151.txt ( ) — 1831KB
• pep-20240524.xsd (EX-101.SCH) — 7KB
• pep-20240524_def.xml (EX-101.DEF) — 31KB
• pep-20240524_lab.xml (EX-101.LAB) — 49KB
• pep-20240524_pre.xml (EX-101.PRE) — 29KB
• tm2415384d1_8k_htm.xml (XML) — 16KB

01. Other Events

Item 8.01. Other Events. Effective May 24, 2024, PepsiCo, Inc. (" PepsiCo ") terminated the $4,200,000,000 364 day unsecured revolving credit agreement, dated as of May 26, 2023, among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the " 2023 364 Day Credit Agreement "). There were no outstanding borrowings under the 2023 364 Day Credit Agreement at the time of its termination. On May 24, 2024, PepsiCo entered into a new $5,000,000,000 364 day unsecured revolving credit agreement (the " 2024 364 Day Credit Agreement ") among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2024 364 Day Credit Agreement enables PepsiCo and its borrowing subsidiaries to borrow up to $5,000,000,000 in U.S. Dollars and/or Euros, subject to customary terms and conditions, and expires on May 23, 2025. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the 2024 364 Day Credit Agreement, increase the commitments under the 2024 364 Day Credit Agreement to up to an aggregate amount of $5,750,000,000 in U.S. Dollars and/or Euros. PepsiCo may request renewal of the 2024 364 Day Credit Agreement for an additional 364 day period or convert any amounts outstanding into a term loan for a period of up to one year, which term loan would mature no later than the anniversary of the then effective termination date. Subject to certain conditions 2024 364 Day Credit Agreement at any time during the term of the 2024 364 Day Credit Agreement. Funds borrowed under the 2024 364 Day Credit Agreement may be used for general corporate purposes of PepsiCo and its subsidiaries. The 2024 364 Day Credit Agreement contains customary representations and warranties and events of default. In the ordinary course of their resp

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 364 Day Credit Agreement, dated as of May 24, 2024, among PepsiCo, as borrower, the lenders named therein, and Citibank, N.A., as administrative agent. 99.2 Five Year Credit Agreement, dated as of May 24, 2024, among PepsiCo, as borrower, the lenders named therein, and Citibank, N.A., as administrative agent. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 24, 2024 PepsiCo, Inc. By: /s/ Cynthia A. Nastanski Name: Cynthia A. Nastanski Title: Senior Vice President, Corporate Law and Deputy Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR