PepsiCo Inc. to sell notes
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- May
- 16
PepsiCo Inc., the Purchase-based beverage and snack food giant, said that it expects to sell five-year senior notes to help lower its short-term debt. The net proceeds from the offering, which are undetermined, will be used primarily for general corporate purposes and for the repayment of $500 million of debt bearing interest at 3.2 percent per year, which matured on Tuesday, according to a company filing with the Securities and Exchange Commission. The sale of the notes will be managed by Merrill Lynch & Co., JPMorgan Chase & Co. and UBS Investment Bank.
This entry was posted
on Wednesday, May 16th, 2007 at 5:53 pm by Jay Loomis.
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