On October 5, 2010, PepsiCo, Inc. (the “Company”) entered into a guarantee (the “Guarantee”) with its wholly-owned subsidiaries Bottling Group, LLC (“BGLLC”) and Pepsi-Cola Metropolitan Bottling Company, Inc. (“Metro”), pursuant to which the Company agreed to guarantee the respective obligations of BGLLC and Metro under each series of notes listed below.
The Guarantee provides that the Company unconditionally and irrevocably guarantees to each holder of notes the payment in full of all principal, premium, if any, and interest on such note when due, whether at stated maturity, by acceleration, redemption or otherwise, and all other monetary obligations of the applicable obligor to such holder and the trustee under the applicable indenture for such notes, all in accordance with the terms of the Guarantee.
The notes so guaranteed are comprised of:
a) the following series of notes issued by BGLLC:
i) 5.00% Senior Notes due November 15, 2013;
ii) 4.125% Senior Notes due June 15, 2015;
iii) 5.5% Senior Notes due April 1, 2016; and
iv) 5.125% Senior Notes due January 15, 2019;
b) the following series of notes issued by Metro’s predecessor PepsiAmericas, Inc. (“PAS”), or PAS’s predecessor Whitman Corporation:
i) 5.625% Notes due May 31, 2011;
ii) 5.75% Notes due July 31, 2012;
iii) 4.50% Notes due March 15, 2013;
iv) 4.375% Notes due February 15, 2014;
v) 4.875% Notes due January 15, 2015;
vi) 7.625% Notes due June 15, 2015;
vii) 5.00% Notes due May 15, 2017;
viii) 7.29% Notes due September 15, 2026;
ix) 7.44% Notes due September 15, 2026; and
x) 5.50% Notes due May 15, 2035; and
c) the following series of notes issued by Metro’s predecessor The Pepsi Bottling Group, Inc.: its 7.00% Senior Notes due March 1, 2029.
