logo
  

PepsiCo Begins Cash Tender Offers For Certain Outstanding Debt Securities - Quick Facts

PepsiCo, Inc. (PEP) has commenced cash tender offers for up to $4.0 billion aggregate purchase price of certain outstanding debt securities. The offers are scheduled to expire on November 3, 2021, unless extended. Tendered securities may be withdrawn until, but not after, 5:00 p.m. on October 20, 2021.

The company noted that holders of securities validly tendered and not validly withdrawn at or prior to the early tender deadline and accepted for purchase will receive the applicable total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of the securities accepted for purchase. The total consideration and tender offer consideration will be determined on October 21, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Networking systems firm Ciena Corp. reported on Thursday that profit for the fourth quarter increased from last year, driven by strong revenue growth despite supply chain challenges. Adjusted earnings per share met analysts' expectations and quarterly revenues topped them by a whisker. Louisville, Kentucky -based GE Appliances, owned by Chinese home appliances company Haier, is recalling to repair free-standing and slide-in electric and gas ranges due to tip-over risk, the U.S. Consumer Product Safety Commission announced. The recall involves about 132,000 units of electric and gas ranges sold in the United States. In addition, about 12,960 units were sold in Canada. While reporting financial results for the first quarter on Wednesday, United Natural Foods, Inc. (UNFI) affirmed its earnings, adjusted earnings and sales guidance for the full-year 2021. For fiscal 2022, the company continues to project earnings in the range of $3.60 to $3.90 per share and adjusted...
Follow RTT