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 $2.5 billion issued on August 13, 2012.

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

(1) $900 million 0.7% senior notes maturing August 13, 2015.

(2) $1 billion 1.25% senior notes maturing August 13, 2017.

(3) $600 million 3.6% senior notes maturing August 13, 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, including 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.