Davis Polk advised PepsiCo, Inc. on its registered offering of £500 million aggregate principal amount of 2.5% senior notes due 2022. Deutsche Bank AG, London Branch, HSBC Bank plc and UBS Limited acted as joint book-running managers for the offering.
PepsiCo is a leading global food and beverage company, with 2011 annual revenues of more than $66 billion. Either independently or through contract manufacturers or authorized bottlers, PepsiCo makes, markets, sells and distributes a variety of convenient and enjoyable foods and beverages in over 200 countries and territories. Its largest operations are in the United States, Canada, Mexico, Russia and the United Kingdom.
The Davis Polk team included partner Joseph A. Hall, counsel John J. Satory and associates Britton M. Sellers and Alexa Taylor. Partners Avishai Shachar and Lucy W. Farr and associate William A. Curran provided tax advice. Rosemarie Melendez was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York and London offices.
