PepsiCo, Inc.
PepsiCo Renews and Modifies Credit Agreements
Summary
On May 22, 2026, PepsiCo, Inc. terminated its $5 billion 364-day unsecured revolving credit agreement and its $5 billion five-year unsecured revolving credit agreement, both dated as of May 23, 2025. Simultaneously, PepsiCo entered into new $5 billion 364-day and five-year unsecured revolving credit agreements, effective May 22, 2026. The new agreements allow for potential increases up to $5.75 billion and include provisions for extensions and conversions. These agreements are with Citibank, N.A., as administrative agent, and are intended for general corporate purposes.
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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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