Somers, NY, 21 Oct - Bottling Group, LLC, the principal operating subsidiary of The Pepsi Bottling Group, Inc., today announced the pricing of $1.3 billion of 6.95% senior notes due 2014.
The Company expects to use the proceeds of the offering to repay the Company's senior notes due February 2009 at their maturity. Pending such use, the Company will invest the proceeds in short-term instruments with an original maturity of three months or less or it may choose to apply a portion of the proceeds to repay outstanding short-term indebtedness.
Morgan Stanley, Deutsche Bank, HSBC, JPMorgan Chase and Merrill Lynch are acting as joint book-running managers for the offering.