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Pepsico grosses $1.50 billion from debt offering

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Pepsico grosses $1.50 billion from debt offering

PepsiCo Inc. raised gross proceeds of $1.50 billion from an offering of floating rate senior unsecured notes due Oct. 15, 2018.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Merrill Lynch Pierce Fenner & Smith Inc. were the lead underwriters.

ANZ Securities Inc., Barclays Capital Inc., BNY Mellon Capital Markets LLC, Drexel Hamilton LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, Loop Capital Markets LLC, Mizuho Securities USA LLC, Williams Capital Group LP, U.S. Bancorp Investments Inc. and UBS Securities LLC also served as underwriters for the offering.