PepsiCo Announces Early Tender Results and Increase of Maximum Tender Amount for Cash Tender Offers for Certain Outstanding Debt Securities

Rhea-AI Summary

PepsiCo (NASDAQ: PEP) announced early results regarding the increase of the maximum tender amount for cash tender offers on certain outstanding debt securities. Details are available in the Investors section of their website and will be filed with the SEC on Form 8-K. This announcement is crucial for stakeholders interested in the company's capital activities and debt management as it indicates proactive measures in their financial strategy.

Positive

• Announcement of early results for cash tender offers indicates proactive debt management.
• Increase in maximum tender amount may enhance liquidity and investor confidence.

Negative

• None.

PURCHASE, N.Y., Oct. 21, 2021 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced that early results and information regarding the increase of the maximum tender amount for cash tender offers for certain outstanding debt securities are available at www.pepsico.com in the "Investors" section under "Cash Tender Offers." This information will also be filed with the Securities and Exchange Commission ("SEC") on a Form 8-K, which can be found on the SEC's website at https://www.sec.gov.

Contacts:

Investor Relations investor@pepsico.com

Communications pepsicomediarelations@pepsico.com

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SOURCE PepsiCo, Inc.

FAQ

What did PepsiCo announce on October 21, 2021 regarding cash tender offers?

PepsiCo announced early results and an increase in the maximum tender amount for cash tender offers related to certain outstanding debt securities.

Where can I find the early tender results for PepsiCo's cash tender offers?

The early tender results are available on PepsiCo's website in the 'Investors' section under 'Cash Tender Offers'.

What is the significance of the maximum tender amount increase by PepsiCo?

The increase in maximum tender amount can improve liquidity and reflects PepsiCo's proactive approach to managing its debt.

When will PepsiCo file the results of the cash tender offers with the SEC?

PepsiCo will file the results with the SEC on a Form 8-K.