$PEP · PepsiCo, Inc.

PepsiCo, Inc. filed a current report on Form 8-K disclosing that it completed an offering of euro-denominated senior notes. The company issued 500 million euros of 3.750% Senior Notes due October 16, 2029, and 500 million euros of 4.250% Senior Notes due October 16, 2035. Both series pay interest annually on October 16, beginning October 16, 2027. The notes were issued on October 16, 2026, under PepsiCo’s existing shelf registration statement and indenture with U.S. Bank Trust Company, National Association as trustee.

PepsiCo stated that the notes were offered through Deutsche Bank AG, London Branch and HSBC Bank plc as joint book-running managers. The company received net proceeds of approximately 994 million euros after underwriting discounts and estimated offering expenses. PepsiCo said the net proceeds will be used for general corporate purposes, including repayment of commercial paper. The filing also notes the notes include optional redemption provisions allowing early redemption at make-whole or par call prices in certain periods before maturity.