Shearman & Sterling represented Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint bookrunners in connection with a $2.875 billion 364 day credit facility and a $2.875 billion four year revolving credit facility for PepsiCo, Inc.

The Shearman & Sterling team was led by partner Bill Hirschberg (New York-Finance) and included partner Laurence E. Crouch (Palo Alto-Tax), counsel Susan L. Hobart (New York-Finance) and associate Eva Rasmussen (New York-Executive Compensation & Employee Benefits).