Investor Profile

Essay by HYPERSDTUniversity, Bachelor's January 2008

download word file, 2 pages 3.0

Investor Profile PaperPepsiCo restated Citibank as an agent for its lenders. The amount available under the Credit Facility was increased from $450 million to $1.2 billion. PepsiCo has the ability to increase their credit with the Credit Facility by an additional $500 million with approval from its lenders. "The lending group for the Credit Facility consists of: Citigroup Global Markets Inc. and HSBC Securities (USA) Inc., as joint lead arrangers and book managers; Citibank, N.A., as agent; HSBC Bank USA, N.A., as syndication agent; Bank of America, N.A., Deutsche Bank Securities, Inc. and JPMorgan Chase Bank, National Association, as co-documentation agents; and the other lenders from time to time party to the Credit Facility. Pursuant to the amendment, Bank of America, N.A. became a co-documentation agent in place of one of the previous co-documentation agents under the original Credit Facility" (Form 8-K for Pepsi Bottling Group INC, 2007).

Large companies like PepsiCo need intermediaries because they manufacture. Wholesalers and retailers are important for PepsiCo because they can specialize in the areas specific to their job, such as sales in their markets. That gives the manufacturer the chance to put out the best possible product for PepsiCo. Intermediaries also provide credit to customers, warehouses for their own goods, the ability to hire and train their own sales representatives.

The New York Stock Exchange is the principal market for PepsiCo common stock. The common stock of PepsiCo is also listed on the Amsterdam, Chicago and Swiss Stock Exchanges. At the end of 2006, PepsiCo reported that they had 190,000 stockholders. Interested investors can make their initial purchase directly through The Bank of New York. The bank of New York is the transfer agent for PepsiCo and the Administrator for the Buy Direct Plan. There is a brochure on the...