Summary
PepsiCo, Inc. (PEP) filed an 8-K report on July 25, 2006, disclosing the establishment of a U.S. $2.5 billion Euro Medium Term Note Programme, effective July 21, 2006. This programme allows the company to issue unsecured notes with various terms, currencies, rates, and maturities, subject to agreement with purchasers. The notes are intended for general corporate purposes, unless otherwise specified in a prospectus supplement. It is important to note that the notes are issued under Regulation S and are not registered under the Securities Act of 1933, meaning they cannot be offered or sold in the United States to U.S. persons without registration or an applicable exemption.
Key Highlights
- 1Establishment of a U.S. $2.5 billion Euro Medium Term Note Programme.
- 2The programme allows for the issuance of unsecured notes with flexible terms.
- 3Proceeds from potential note issuances are designated for general corporate purposes.
- 4Notes will be issued pursuant to Regulation S of the Securities Act of 1933.
- 5Notes are not registered under the U.S. Securities Act of 1933 and have restrictions on U.S. sales.
- 6The programme was established via agreements with JPMorgan Chase Bank, N.A. and J.P. Morgan Bank Luxembourg S.A. as agents.
- 7No notes have been issued under the programme as of the filing date.