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Fitch Rates PepsiCo's $2.5B Sr. Notes Issuance 'A'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A' rating to PepsiCo, Inc.'s (PepsiCo) $2.5 billion multi-tranche offering. The issuance includes $250 million of floating rate notes due 2018, $500 million of 1.25% senior notes due 2018, $750 million of 1.85% senior notes due 2020 and $1 billion of 2.75% senior notes due 2025. The Rating Outlook is Stable. Net proceeds from the offering will be used for general corporate purposes, including the repayment of commercial paper. PepsiCo had

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