Shearman & Sterling advised Citibank, N.A. as Administrative Agent on a $8.4 billion financing for PepsiCo consisting of a $4.2 billion five-year revolving credit facility and a $4.2 billion 364-day revolving credit facility. Proceeds from the financing will be used for general corporate purposes.

Headquartered in Purchase, New York, PepsiCo manufactures, markets, distributes and sells various beverages and convenient foods worldwide.

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