DBRS Assigns Rating of A (high) to PepsiCo’s New Debt Issuance, Stable Trend

DBRS has today assigned a rating of A (high) with a Stable trend to PepsiCo, Inc.’s (PepsiCo) multi-tranche debt issue of $2.75 billion. The transaction is expected to close on or about March 5, 2012.

The three tranches (collectively, the Notes) are made up of the following:

(1) $750 million 0.75% senior notes maturing March 5, 2015.

(2) $1.25 billion 2.75% senior notes maturing March 5, 2022.

(3) $750 million 4.00% senior notes maturing March 5, 2042.

The Notes will be unsecured obligations ranking pari passu with PepsiCo’s other senior unsecured indebtedness. Proceeds are expected to be used for general corporate purposes and the repayment of commercial paper.

Notes:
All figures are in U.S. dollars unless otherwise noted

The applicable methodology is Rating the Consumer Products Industry, which can be found on our website under Methodologies.