PepsiCo 8-K Details Debt Instruments, Notes Due 2024-2050
Ticker: PEP · Form: 8-K · Filed: 2024-01-18T00:00:00.000Z
Sentiment: neutral
Topics: debt, corporate-finance, fixed-income
TL;DR
**PepsiCo just updated its debt profile, showing various notes due through 2050.**
AI Summary
PepsiCo, Inc. filed an 8-K on January 18, 2024, reporting an event that occurred on January 16, 2024. This filing primarily details various debt instruments, including notes due in 2024, 2026, 2027, 2028, 2029, 2031, 2032, 2033, 2034, 2039, and 2050, with interest rates ranging from 0.25% to 3.55%. This matters to investors because it provides transparency into PepsiCo's current debt structure and financial obligations, which can impact future earnings and the company's ability to invest or return capital to shareholders.
Why It Matters
This filing provides a snapshot of PepsiCo's outstanding debt, which is crucial for assessing the company's financial health and future interest payment obligations. Understanding these liabilities helps investors gauge the company's risk profile and potential for growth.
Risk Assessment
Risk Level: low — This filing is purely informational regarding existing debt instruments and does not indicate new, significant financial risks or changes in company operations.
Analyst Insight
A smart investor would use this information to update their financial models for PepsiCo, specifically noting the upcoming debt maturities and associated interest expenses, to better forecast future cash flows and profitability.
Key Numbers
- 0.25% — Interest Rate (for Zero Point Two Five Percent Notes Due 2024)
- 2.625% — Interest Rate (for Two Point Six Two Five Percent Notes Due 2026)
- 0.75% — Interest Rate (for Zero Point Seven Five Percent Notes Due 2027 and 2033)
- 0.875% — Interest Rate (for Zero Point Eight Seven Five Percent Notes Due 2028 and 2039)
- 0.5% — Interest Rate (for Zero Point Five Percent Notes Due 2028)
- 3.2% — Interest Rate (for Three Point Two Percent Notes Due 2029)
- 1.125% — Interest Rate (for One Point One Two Five Percent Notes Due 2031)
- 0.4% — Interest Rate (for Zero Point Four Percent Notes Due 2032)
Key Players & Entities
- PepsiCo, Inc. (company) — the registrant filing the 8-K
- January 16, 2024 (date) — date of the earliest event reported
- January 18, 2024 (date) — date the 8-K was filed
- 0.25% (dollar_amount) — interest rate for notes due 2024
- 3.55% (dollar_amount) — interest rate for notes due 2034
FAQ
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 16, 2024.
What is the interest rate for PepsiCo's notes due in 2024?
PepsiCo's notes due in 2024 have an interest rate of 0.25% (Zero Point Two Five Percent Notes Due 2024).
Which year has PepsiCo's notes with the highest interest rate mentioned in this filing?
The notes due in 2034 (Three Point Five Five Percent Notes Due 2034) have the highest interest rate mentioned in this filing, at 3.55%.
What is the latest maturity date for the notes detailed in this 8-K?
The latest maturity date for the notes detailed in this 8-K is 2050 (One Point Zero Five Percent Notes Due 2050).
What is PepsiCo's state of incorporation according to the filing?
PepsiCo's state of incorporation is North Carolina.
From the Filing
0000077476-24-000003.txt : 20240118 0000077476-24-000003.hdr.sgml : 20240118 20240118163253 ACCESSION NUMBER: 0000077476-24-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240116 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240118 DATE AS OF CHANGE: 20240118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEPSICO INC CENTRAL INDEX KEY: 0000077476 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 131584302 STATE OF INCORPORATION: NC FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01183 FILM NUMBER: 24542250 BUSINESS ADDRESS: STREET 1: 700 ANDERSON HILL RD CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142532000 MAIL ADDRESS: STREET 1: 700 ANDERSON HILL ROAD CITY: PURCHASE STATE: NY ZIP: 10577-1444 FORMER COMPANY: FORMER CONFORMED NAME: PEPSI COLA CO DATE OF NAME CHANGE: 19700903 8-K 1 pep-20240116.htm 8-K pep-20240116 0000077476 false 0000077476 2024-01-16 2024-01-16 0000077476 us-gaap:CommonStockMember 2024-01-16 2024-01-16 0000077476 pep:ZeroPointTwoFivePercentNotesDue2024Member 2024-01-16 2024-01-16 0000077476 pep:TwoPointSixTwoFivePercentNotesDue2026Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointSevenFivePercentNotesDue2027Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointEightSevenFivePercentNotesDue2028Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointFivePercentNotesDue2028Member 2024-01-16 2024-01-16 0000077476 pep:ThreePointTwoPercentNotesDue2029Member 2024-01-16 2024-01-16 0000077476 pep:OnePointOneTwoFivePercentNotesDue2031Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointFourPercentNotesDue2032Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointSevenFiveZeroPercentNotesDue2033Member 2024-01-16 2024-01-16 0000077476 pep:ThreePointFiveFivePercentNotesDue2034Member 2024-01-16 2024-01-16 0000077476 pep:ZeroPointEightSevenFivePercentNotesDue2039Member 2024-01-16 2024-01-16 0000077476 pep:OnePointZeroFivePercentNotesDue2050Member 2024-01-16 2024-01-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 16, 2024 PepsiCo, Inc. (Exact name of registrant as specified in its charter)   North Carolina   1-1183   13-1584302 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 700 Anderson Hill Road , Purchase , New York 10577 (Address of principal executive offices and Zip Code) Registrant’s telephone number, including area code: ( 914 )  253-2000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: Title of each class Trading Symbols Name of each exchange on which registered Common Stock, par value 1-2/3 cents per share PEP The Nasdaq Stock Market LLC 0.250% Senior Notes Due 2024 PEP24 The Nasdaq Stock Market LLC 2.625% Senior Notes Due 2026 PEP26 The Nasdaq Stock Market LLC 0.750% Senior Notes Due 2027 PEP27 The Nasdaq Stock Market LLC 0.875% Senior Notes Due 2028 PEP28 The Nasdaq Stock Market LLC