Leeds Brewery

PepsiCo has announced plans to raise €750m ($828.44m) by issuing senior notes in a public offering.

The transaction is expected to be closed by next week.

The issued notes have a 12-year maturity and bear an interest rate of 0.875% a year, payable annually.

Camerons Brewery has acquired the Leeds Brewery pub estate encompassing its seven pubs, including the Lamb & Flag and the Midnight Bell in Leeds, and the Duke of York in York.

Under the terms of the transaction, Leeds Brewery will continue to offer its brands of cask, keg and bottled beers at the pubs.

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The acquisition was financed by HSBC.

Image: Camerons Brewery will acquire Duke of York pub as part of the acquisition of the Leeds Brewery pub estate. Photo: courtesy of Camerons.