PepsiCo Files 8-K Detailing Multiple Debt Offerings

Ticker: PEP · Form: 8-K · Filed: 2025-05-23T00:00:00.000Z

Sentiment: neutral

Topics: debt-offering, financing, capital-structure

TL;DR

PepsiCo just dropped an 8-K listing a bunch of new debt notes with varying maturities and interest rates. Big capital raise incoming.

AI Summary

On May 23, 2025, PepsiCo Inc. filed an 8-K report detailing various debt issuances. These include notes due in 2026, 2027, 2028, 2029, 2031, 2032, 2033, 2034, 2039, and 2050, with interest rates ranging from 0.4% to 3.55%. The filing also mentions common stock with a par value of $0.125 per share.

Why It Matters

This filing indicates PepsiCo is actively managing its capital structure through various debt issuances, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: low — This is a routine debt issuance filing and does not indicate any immediate operational or financial distress.

Key Numbers

Key Players & Entities

FAQ

What is the total principal amount of debt being issued by PepsiCo?

The filing does not specify the total principal amount of the debt being issued, only the terms of various notes.

What are the specific interest rates for each note issuance?

The filing lists interest rates including 2.625% (due 2026), 0.75% (due 2027), 0.875% (due 2028), 0.5% (due 2028), 3.2% (due 2029), 1.125% (due 2031), 0.4% (due 2032), 0.75% (due 2033), 3.55% (due 2034), 0.875% (due 2039), and 1.05% (due 2050).

What is the purpose of these debt issuances?

The filing does not explicitly state the purpose of these debt issuances, but they are typically for general corporate purposes, refinancing existing debt, or funding operations and investments.

When were these notes issued or offered?

The filing date is May 23, 2025, and the notes are listed with various maturity dates, implying they are either being issued or have been recently issued around this time.

Does this filing indicate any changes to PepsiCo's credit rating?

This 8-K filing pertains to debt issuances and does not contain information regarding changes to PepsiCo's credit rating.

From the Filing

0001104659-25-052457.txt : 20250523 0001104659-25-052457.hdr.sgml : 20250523 20250523163034 ACCESSION NUMBER: 0001104659-25-052457 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250523 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250523 DATE AS OF CHANGE: 20250523 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PEPSICO INC CENTRAL INDEX KEY: 0000077476 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] ORGANIZATION NAME: 04 Manufacturing EIN: 131584302 STATE OF INCORPORATION: NC FISCAL YEAR END: 1227 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01183 FILM NUMBER: 25982889 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 tm2515785d1_8k.htm FORM 8-K false 0000077476 0000077476 2025-05-23 2025-05-23 0000077476 pep:Commonstockparvalue123centspershareMember 2025-05-23 2025-05-23 0000077476 pep:TwoPointSixTwoFivePercentNotesDue2026Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointSevenFivePercentNotesDue2027Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointEightSevenFivePercentNotesDue2028Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointFivePercentNotesDue2028Member 2025-05-23 2025-05-23 0000077476 pep:ThreePointTwoPercentNotesDue2029Member 2025-05-23 2025-05-23 0000077476 pep:OnePointOneTwoFivePercentNotesDue2031Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointFourPercentNotesDue2032Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointSevenFivePercentNotesDue2033Member 2025-05-23 2025-05-23 0000077476 pep:ThreePointFiveFivePercentNotesDue2034Member 2025-05-23 2025-05-23 0000077476 pep:ZeroPointEightSevenFiveNotesDue2039Member 2025-05-23 2025-05-23 0000077476 pep:OnePointZeroFivePercentNotesDue2050Member 2025-05-23 2025-05-23 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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): May 23, 2025       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) (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 Symbol   Name of each exchange on which registered Common Stock, par value 1-2/3 cents per share   PEP   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

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