PEP: Other company developments

Item 8.01. Other Events. Effective May 22, 2026, PepsiCo, Inc. (“ PepsiCo ”) terminated the $5,000,000,000 364 day unsecured revolving credit agreement, dated as of May 23, 2025, among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent (the “ 2025 364 Day Credit Agreement ”). There were no outstanding borrowings under the 2025 364 Day Credit Agreement at the time of its termination. On May 22, 2026, PepsiCo entered into a new $5,000,000,000 364 day unsecured revolving credit agreement (the “ 2026 364 Day Credit Agreement ”) among PepsiCo, as borrower, the lenders party thereto, and Citibank, N.A., as administrative agent. The 2026 364 Day Credit Agreement enables PepsiCo and its borrowing subsidiaries to borrow up to $5,000,000,000 in U.S. Dollars and/or Euros, subject to customary terms and conditions, and expires on May 21, 2027. PepsiCo may also, upon the agreement of either the then existing lenders or of additional banks not currently party to the 2026 364 Day Credit Agreement, increase the commitments under the 2026 364 Day Credit Agreement to up to an aggregate amount of $5,750,000,000 in U.S. Dollars and/or Euros. PepsiCo may request renewal of the 2026 364 Day Credit Agreement for an additional 364 day period or convert any amounts outstanding into a term loan for a period of up to one year, which term loan would mature no later than the anniversary of the then effective termination date. Subject to certain conditions stated in the 2026 364 Day Credit Agreement, PepsiCo and its borrowing subsidiaries may borrow, prepay and reborrow amounts under the 2026 364 Day Credit Agreement at any time during the term of the 2026 364 Day Credit Agreement. Funds borrowed under the 2026 364 Day Credit Agreement may be used for genera