PepsiCo (PEP) Extends Credit Facilities to Strengthen Long-Term Liquidity
Key takeaways
- Pepsi Co (PEP) Extends Credit Facilities to Strengthen Long-Term Liquidity Venkatesh Mon, June 1, 2026 at 8:43 PM GMT+7 2 min read PEP C Pepsi Co, Inc.
- (NASDAQ:PEP) restructured its credit facilities on May 22, 2026, to maintain short- and long-term liquidity.
- In another development, on May 6, 2026, PepsiCo, Inc.
Pepsi Co (PEP) Extends Credit Facilities to Strengthen Long-Term Liquidity Venkatesh Mon, June 1, 2026 at 8:43 PM GMT+7 2 min read PEP C Pepsi Co, Inc. (NASDAQ:PEP) is one of the 10 Safest Dividend Stocks to Buy Right Now.
Pepsi Co, Inc. (NASDAQ:PEP) restructured its credit facilities on May 22, 2026, to maintain short- and long-term liquidity. The company replaced its existing $5 billion 364-day unsecured revolving credit facility with a new one expiring May 21, 2027. At the same time, the company swapped its $5 billion five-year facility for a new agreement extending through May 22, 2031, featuring a €1.2 billion swingline subfacility. Both arrangements were managed by Citibank and allow capacity expansions up to $5.75 billion. The purpose is to increase support for general corporate needs without increasing headline commitments.
In another development, on May 6, 2026, PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend of $1.48 per share of common stock – a 4% increase compared to the prior period. The increase is in line with the company’s previously announced increase in annualized dividend from $5.69 to $5.92 per share. Payable on June 30, 2026, to shareholders of record on June 5, the dividend marks the company’s 54th consecutive annual increase.