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) 2.5% GBP500 million senior unsecured notes (the Notes) due November 1, 2022.

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 United Kingdom Sterling unless otherwise noted.