News

US: Pepsi Bottling Group announces extra financing

Most popular

Mangrove MD warns of coronavirus impact on spirits

Advice for brewers in the time of COVID-19

Over the influence? The future of social media

Coronavirus special - US Distilled Spirits Council

COVID-19 CSR activity around the world - Mar

MORE

The Pepsi Bottling Group has announced pricing of $1.3bn senior notes, in a move designed to boost finances.

The notes have been issued at a rate of 6.95% and are due for repayment in 2014, the Pepsi bottler announced today (22 October).

The company expects to use the proceeds of the offering to repay senior notes due February 2009, it said.

Pending this, the group will invest the proceeds in "short-term instruments" with an original maturity of three months or less, or it may choose to apply a portion of the proceeds to repay outstanding short-term indebtedness, it said.

Morgan Stanley, Deutsche Bank, HSBC, JPMorgan Chase and Merrill Lynch are acting as joint book-running managers for the offering.

 


Related Content

Spotlight: Aseptic bottling the way forward for soft drinks

Spotlight: Aseptic bottling the way forward for soft drinks...

US: CEDC kicks debt down the road as bankruptcy filing considered

US: CEDC kicks debt down the road as bankruptcy filing considered...

RUSSIA/US: CEDC CEO steps down, Russian Standard founder becomes chairman

RUSSIA/US: CEDC CEO steps down, Russian Standard founder becomes chairman...

US CAGNY: Downturn sees PepsiCo invest in value

US CAGNY: Downturn sees PepsiCo invest in value...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?