PepsiCo (PEP) Extends Credit Facilities to Strengthen Long-Term Liquidity

PepsiCo, Inc. (NASDAQ:PEP) is one of the 10 Safest Dividend Stocks to Buy Right Now.

PepsiCo (PEP) Extends Credit Facilities to Strengthen Long-Term Liquidity

PepsiCo, 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.

Founded in 1965, PepsiCo, Inc. (NASDAQ:PEP) is a global food and beverage powerhouse. The New York-based company operates a highly complementary portfolio that includes convenient foods, snacks, and beverages across more than 200 countries.

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