Form 8-K · Current Report · Filed 2024-05-24
PepsiCo Terminates and Renews Credit Agreements
On May 24, 2024, PepsiCo, Inc. terminated its $4.2 billion 364-day unsecured revolving credit agreement and its $4.2 billion five-year unsecured revolving credit agreement, both with Citibank, N.A., as administrative agent. Simultaneously, PepsiCo entered into a new $5.0 billion 364-day unsecured revolving credit agreement and a new $5.0 billion five-year unsecured revolving credit agreement. Both new agreements also have Citibank, N.A., as administrative agent and include customary terms and conditions for borrowing, prepaying, and reborrowing funds. The new agreements are filed as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K.
- Filer
- PepsiCo, Inc. PEP · NASDAQ
- Filed
- Accession
- 0001104659-24-065151
- CIK
- 0000077476
- Signal
- High impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$179.27
Next session
-3.3%
Since filing
-22.2%
Latest close
$139.56
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Precedent
Previous filings from PEP reporting the same item, with the next session's move:
Exhibits (2)
About PepsiCo, Inc.
PepsiCo, Inc. is a global food and beverage leader known for its diverse portfolio of iconic brands. With its roots in the beverage industry, PepsiCo's primary function centers around manufacturing and distributing a vast range of soft drinks, including the renowned Pepsi cola. Beyond beverages, the company significantly impacts the food sector, offering well-known snacks through its Frito-Lay division, with products like Lay’s, Doritos, and Cheetos. PepsiCo also operates in segments like Quaker Foods, providing nutritious grains and cereals, and Tropicana Products, offering quality juices. The company's operations span multiple regions, including North America, Europe, Latin America, and the Asia, Middle East, and Africa sectors. PepsiCo stands as a market significant entity due to its extensive distribution networks, innovative product development, and sustainable business practices. Founded in 1965 and headquartered in Purchase, New York, PepsiCo continues to influence the global food and beverage industry, addressing evolving consumer preferences and advancing health and wellness initiatives throughout its product lines.
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