Shearman & Sterling advised Citibank, N.A., as Administrative Agent, on a $7.6 billion financing for PepsiCo consisting of a $3.8 billion five-year revolving credit facility and a $3.8 billion 364-day revolving credit facility to finance general corporate purposes.
PepsiCo manufactures, markets, distributes, and sells various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region. The company was founded in 1898 and is headquartered in Purchase, New York.
The Shearman & Sterling team leader below was assisted by associate Andrew Mavers (NY-Finance).