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[8-K] Simpson Manufacturing Co., Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

PepsiCo (PEP) filed an 8-K (Item 8.01) disclosing the completion of a euro-denominated senior notes offering.

  • Instruments issued: �500 m 3.450% Senior Notes due 2037 and �500 m 4.050% Senior Notes due 2055.
  • Gross proceeds: �1.0 bn; net proceeds: approximately �989 m after underwriting discounts and expenses.
  • Use of funds: general corporate purposes, including repayment of commercial paper.
  • Pricing: issued at 99.546% (2037) and 99.674% (2055); make-whole call at CGB +15 bps until par-call windows (Apr 28 2037 / Jan 28 2055).
  • Ranking: unsecured, pari passu with existing senior debt; governed by the Feb 12 2024 indenture with U.S. Bank Trust Co.
  • Bookrunners: Deutsche Bank, HSBC, Mizuho.

The transaction lengthens PepsiCo’s debt maturity profile at fixed rates near current euro yields and modestly increases total leverage. No changes to guidance, operations or covenant structure were disclosed.

PepsiCo (PEP) ha presentato un modulo 8-K (Punto 8.01) comunicando il completamento di un'emissione di obbligazioni senior denominate in euro.

  • Strumenti emessi: �500 milioni di obbligazioni senior al 3,450% con scadenza 2037 e �500 milioni al 4,050% con scadenza 2055.
  • Proventi lordi: �1,0 miliardo; proventi netti: circa �989 milioni dopo sconti e spese di sottoscrizione.
  • Utilizzo dei fondi: finalità aziendali generali, inclusa la rimborsazione di commercial paper.
  • Prezzo di emissione: 99,546% (2037) e 99,674% (2055); opzione di richiamo make-whole a CGB +15 punti base fino alle finestre di richiamo a valore nominale (28 aprile 2037 / 28 gennaio 2055).
  • Classifica: non garantite, pari passu con il debito senior esistente; regolate dall'atto di emissione del 12 febbraio 2024 con U.S. Bank Trust Co.
  • Bookrunner: Deutsche Bank, HSBC, Mizuho.

L'operazione estende il profilo di scadenza del debito di PepsiCo a tassi fissi vicini ai rendimenti attuali dell'euro e aumenta moderatamente la leva finanziaria totale. Non sono state comunicate modifiche alle linee guida, alle operazioni o alla struttura delle covenant.

PepsiCo (PEP) presentó un formulario 8-K (Ítem 8.01) revelando la finalización de una emisión de bonos senior denominados en euros.

  • Instrumentos emitidos: �500 millones en bonos senior al 3,450% con vencimiento en 2037 y �500 millones al 4,050% con vencimiento en 2055.
  • Ingresos brutos: �1.0 mil millones; ingresos netos: aproximadamente �989 millones después de descuentos y gastos de suscripción.
  • Uso de fondos: fines corporativos generales, incluyendo el pago de papel comercial.
  • Precio de emisión: 99.546% (2037) y 99.674% (2055); opción de rescate make-whole a CGB +15 puntos básicos hasta las ventanas de rescate a valor nominal (28 de abril de 2037 / 28 de enero de 2055).
  • Ranking: no garantizados, pari passu con la deuda senior existente; regulados por el contrato del 12 de febrero de 2024 con U.S. Bank Trust Co.
  • Colocadores: Deutsche Bank, HSBC, Mizuho.

La transacción extiende el perfil de vencimiento de la deuda de PepsiCo a tasas fijas cercanas a los rendimientos actuales del euro y aumenta modestamente el apalancamiento total. No se divulgaron cambios en las guías, operaciones o estructura de convenios.

PepsiCo (PEP)� 8-K 보고�(Item 8.01)� 제출하여 유로� 표시 선순� 채권 발행 완료� 공시했습니다.

  • 발행� 증권: 2037� 만기 3.450% 선순� 채권 �5�, 2055� 만기 4.050% 선순� 채권 �5�.
  • � 수익: �10�; 숵ӈ�: 인수 수수� � 비용 차감 � � �9.89�.
  • 자금 사용 목적: 일반 기업 목적, 상업어음 상환 포함.
  • 발행 가�: 2037년권 99.546%, 2055년권 99.674%; 만기 � 상환 � CGB +15bp� make-whole � 조항 적용, 명목가 상환 가� 기간(2037� 4� 28� / 2055� 1� 28�)까지 유효.
  • 숵Ӝ: 무담�, 기존 선순� 부채와 동등 순위; 2024� 2� 12일자 신탁 계약� 따라 U.S. Bank Trust Co.에서 관�.
  • 주관�: Deutsche Bank, HSBC, Mizuho.

이번 거래� PepsiCo� 고정금리 부� 만기 구조� 현재 유로 수익� 근처 수준으로 연장하며 전체 레버리지� 다소 증가시켰습니�. 가이던�, 운영 또는 계약 조건 변경은 없었습니�.

PepsiCo (PEP) a déposé un formulaire 8-K (Point 8.01) annonçant la finalisation d'une émission d'obligations senior libellées en euros.

  • Instruments émis : �500 millions d'obligations senior à 3,450 % échéance 2037 et �500 millions à 4,050 % échéance 2055.
  • Produit brut : �1,0 milliard ; produit net : environ �989 millions après déductions et frais de souscription.
  • Utilisation des fonds : objectifs généraux de l'entreprise, y compris le remboursement de papier commercial.
  • Prix d'émission : émis à 99,546 % (2037) et 99,674 % (2055) ; option de rachat make-whole à CGB +15 points de base jusqu'aux fenêtres de remboursement au pair (28 avril 2037 / 28 janvier 2055).
  • Rang : non garanti, au même rang que la dette senior existante ; régi par le contrat du 12 février 2024 avec U.S. Bank Trust Co.
  • Chefs de file : Deutsche Bank, HSBC, Mizuho.

Cette opération allonge le profil d'échéance de la dette de PepsiCo à des taux fixes proches des rendements actuels de l'euro et augmente modérément l'effet de levier total. Aucun changement aux prévisions, aux opérations ou à la structure des covenants n'a été communiqué.

PepsiCo (PEP) reichte ein 8-K Formular (Punkt 8.01) ein und gab die erfolgreiche Platzierung von euro-denominierten Senior Notes bekannt.

  • Emittierte Instrumente: �500 Mio. 3,450% Senior Notes fällig 2037 und �500 Mio. 4,050% Senior Notes fällig 2055.
  • ܳٳٴDZö: �1,0 Mrd.; ٳٴDZö: ca. �989 Mio. nach Underwriting-Abschlägen und Kosten.
  • Mittelverwendung: Allgemeine Unternehmenszwecke, einschließlich Rückzahlung von Commercial Paper.
  • Preis: Ausgegeben zu 99,546% (2037) und 99,674% (2055); Make-whole Call bei CGB +15 Basispunkte bis zu den Par-Call-Fenstern (28. April 2037 / 28. Januar 2055).
  • Rang: Unbesichert, pari passu mit bestehender Senior-Schuld; geregelt durch die Emissionsbedingungen vom 12. Februar 2024 mit U.S. Bank Trust Co.
  • Bookrunner: Deutsche Bank, HSBC, Mizuho.

Die Transaktion verlängert die Fälligkeiten von PepsiCos Schuldenprofil zu nahe den aktuellen Euro-Renditen mit festen Zinssätzen und erhöht die Gesamthebelwirkung moderat. Es wurden keine Änderungen an den Prognosen, dem operativen Geschäft oder der Covenant-Struktur bekannt gegeben.

Positive
  • Locks in long-term funding at 3.450%-4.050% in euros, below recent USD equivalents, lowering interest-rate risk.
  • Refinances short-term commercial paper, extending maturity profile and improving liquidity.
Negative
  • Increases absolute debt by �1 bn, modestly raising leverage and future interest expense.

Insights

TL;DR: Routine �1 bn bond sale strengthens liquidity, adds long-dated euro debt; impact modestly positive.

The dual-tranche issue locks in sub-4.1% coupons for 12- and 30-year money, attractive relative to U.S. dollar curve and PepsiCo’s weighted-average cost of debt (~3.6%). Proceeds refinance short-term commercial paper, limiting incremental leverage and reducing near-term rollover risk. Demand appeared healthy given near-par pricing and tight 15 bp make-whole spread. Because PepsiCo already maintains A/A1 ratings, the deal is unlikely to move credit metrics materially; however, it marginally improves liquidity duration and diversifies funding. Equity impact is neutral as dilution is absent and interest expense rise is immaterial versus 2024 EBIT of >$13 bn.

TL;DR: Standard liability-management exercise; equity-holder effect minimal.

The offering signals continued access to deep European debt markets at favorable terms. Euro coupons compare well to recent dollar issues (e.g., 3.55% 2034). While total debt inches up, PepsiCo’s net-debt/EBITDA remains under 2×, leaving capital-return capacity intact. No covenant restrictions or share-buyback commentary were added, so valuation drivers stay unchanged. Overall, the filing is not market-moving but confirms balance-sheet flexibility.

PepsiCo (PEP) ha presentato un modulo 8-K (Punto 8.01) comunicando il completamento di un'emissione di obbligazioni senior denominate in euro.

  • Strumenti emessi: �500 milioni di obbligazioni senior al 3,450% con scadenza 2037 e �500 milioni al 4,050% con scadenza 2055.
  • Proventi lordi: �1,0 miliardo; proventi netti: circa �989 milioni dopo sconti e spese di sottoscrizione.
  • Utilizzo dei fondi: finalità aziendali generali, inclusa la rimborsazione di commercial paper.
  • Prezzo di emissione: 99,546% (2037) e 99,674% (2055); opzione di richiamo make-whole a CGB +15 punti base fino alle finestre di richiamo a valore nominale (28 aprile 2037 / 28 gennaio 2055).
  • Classifica: non garantite, pari passu con il debito senior esistente; regolate dall'atto di emissione del 12 febbraio 2024 con U.S. Bank Trust Co.
  • Bookrunner: Deutsche Bank, HSBC, Mizuho.

L'operazione estende il profilo di scadenza del debito di PepsiCo a tassi fissi vicini ai rendimenti attuali dell'euro e aumenta moderatamente la leva finanziaria totale. Non sono state comunicate modifiche alle linee guida, alle operazioni o alla struttura delle covenant.

PepsiCo (PEP) presentó un formulario 8-K (Ítem 8.01) revelando la finalización de una emisión de bonos senior denominados en euros.

  • Instrumentos emitidos: �500 millones en bonos senior al 3,450% con vencimiento en 2037 y �500 millones al 4,050% con vencimiento en 2055.
  • Ingresos brutos: �1.0 mil millones; ingresos netos: aproximadamente �989 millones después de descuentos y gastos de suscripción.
  • Uso de fondos: fines corporativos generales, incluyendo el pago de papel comercial.
  • Precio de emisión: 99.546% (2037) y 99.674% (2055); opción de rescate make-whole a CGB +15 puntos básicos hasta las ventanas de rescate a valor nominal (28 de abril de 2037 / 28 de enero de 2055).
  • Ranking: no garantizados, pari passu con la deuda senior existente; regulados por el contrato del 12 de febrero de 2024 con U.S. Bank Trust Co.
  • Colocadores: Deutsche Bank, HSBC, Mizuho.

La transacción extiende el perfil de vencimiento de la deuda de PepsiCo a tasas fijas cercanas a los rendimientos actuales del euro y aumenta modestamente el apalancamiento total. No se divulgaron cambios en las guías, operaciones o estructura de convenios.

PepsiCo (PEP)� 8-K 보고�(Item 8.01)� 제출하여 유로� 표시 선순� 채권 발행 완료� 공시했습니다.

  • 발행� 증권: 2037� 만기 3.450% 선순� 채권 �5�, 2055� 만기 4.050% 선순� 채권 �5�.
  • � 수익: �10�; 숵ӈ�: 인수 수수� � 비용 차감 � � �9.89�.
  • 자금 사용 목적: 일반 기업 목적, 상업어음 상환 포함.
  • 발행 가�: 2037년권 99.546%, 2055년권 99.674%; 만기 � 상환 � CGB +15bp� make-whole � 조항 적용, 명목가 상환 가� 기간(2037� 4� 28� / 2055� 1� 28�)까지 유효.
  • 숵Ӝ: 무담�, 기존 선순� 부채와 동등 순위; 2024� 2� 12일자 신탁 계약� 따라 U.S. Bank Trust Co.에서 관�.
  • 주관�: Deutsche Bank, HSBC, Mizuho.

이번 거래� PepsiCo� 고정금리 부� 만기 구조� 현재 유로 수익� 근처 수준으로 연장하며 전체 레버리지� 다소 증가시켰습니�. 가이던�, 운영 또는 계약 조건 변경은 없었습니�.

PepsiCo (PEP) a déposé un formulaire 8-K (Point 8.01) annonçant la finalisation d'une émission d'obligations senior libellées en euros.

  • Instruments émis : �500 millions d'obligations senior à 3,450 % échéance 2037 et �500 millions à 4,050 % échéance 2055.
  • Produit brut : �1,0 milliard ; produit net : environ �989 millions après déductions et frais de souscription.
  • Utilisation des fonds : objectifs généraux de l'entreprise, y compris le remboursement de papier commercial.
  • Prix d'émission : émis à 99,546 % (2037) et 99,674 % (2055) ; option de rachat make-whole à CGB +15 points de base jusqu'aux fenêtres de remboursement au pair (28 avril 2037 / 28 janvier 2055).
  • Rang : non garanti, au même rang que la dette senior existante ; régi par le contrat du 12 février 2024 avec U.S. Bank Trust Co.
  • Chefs de file : Deutsche Bank, HSBC, Mizuho.

Cette opération allonge le profil d'échéance de la dette de PepsiCo à des taux fixes proches des rendements actuels de l'euro et augmente modérément l'effet de levier total. Aucun changement aux prévisions, aux opérations ou à la structure des covenants n'a été communiqué.

PepsiCo (PEP) reichte ein 8-K Formular (Punkt 8.01) ein und gab die erfolgreiche Platzierung von euro-denominierten Senior Notes bekannt.

  • Emittierte Instrumente: �500 Mio. 3,450% Senior Notes fällig 2037 und �500 Mio. 4,050% Senior Notes fällig 2055.
  • ܳٳٴDZö: �1,0 Mrd.; ٳٴDZö: ca. �989 Mio. nach Underwriting-Abschlägen und Kosten.
  • Mittelverwendung: Allgemeine Unternehmenszwecke, einschließlich Rückzahlung von Commercial Paper.
  • Preis: Ausgegeben zu 99,546% (2037) und 99,674% (2055); Make-whole Call bei CGB +15 Basispunkte bis zu den Par-Call-Fenstern (28. April 2037 / 28. Januar 2055).
  • Rang: Unbesichert, pari passu mit bestehender Senior-Schuld; geregelt durch die Emissionsbedingungen vom 12. Februar 2024 mit U.S. Bank Trust Co.
  • Bookrunner: Deutsche Bank, HSBC, Mizuho.

Die Transaktion verlängert die Fälligkeiten von PepsiCos Schuldenprofil zu nahe den aktuellen Euro-Renditen mit festen Zinssätzen und erhöht die Gesamthebelwirkung moderat. Es wurden keine Änderungen an den Prognosen, dem operativen Geschäft oder der Covenant-Struktur bekannt gegeben.

0000920371false00009203712025-07-282025-07-28

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
  
Date of Report (Date of earliest event reported): July 28, 2025
 
  
 
Simpson Manufacturing Co., Inc. 
(Exact name of registrant as specified in its charter)
  
 
 
Delaware 1-13429 94-3196943
(State or other jurisdiction of incorporation) (Commission file number) (I.R.S. Employer Identification No.)
 
  
 
5956 W. Las Positas Boulevard, Pleasanton, CA 94588

 (Address of principal executive offices)
 
 
(Registrant’s telephone number, including area code): (925) 560-9000
 
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading SymbolName of Each Exchange on Which Registered
Common Stock, par value $0.01 per shareSSDNew York Stock Exchange

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-2)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐





Item 2.02 Results of Operations and Financial Condition.
 
    On July 28, 2025, Simpson Manufacturing Co., Inc. issued a press release announcing financial results for the quarter ended June 30, 2025, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by this reference.

    This information is furnished pursuant to Item 2.02 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 7.01 Regulation FD Disclosures.
 
Representatives of Simpson Manufacturing Co., Inc. (the “Company”) intend to present the Investor Presentation furnished as Exhibit 99.2 to this Current Report on Form 8-K, to analysts and investors from time to time on or after July 28, 2025. The slide presentation will be available on the Investor Relations page of the Company’s website at ir.simpsonmfg.com.

The information furnished pursuant to this Item 7.01, including Exhibit 99.2 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

The information furnished pursuant to this Item 7.01, including Exhibit 99.2 furnished herewith, contains “forward-looking statements” within the meaning of the safe harbor provisions of the federal securities laws. It should be read in conjunction with the “Safe Harbor” statement contained in the Investor Presentation, the risk factors included in the Company’s periodic reports filed with the Securities and Exchange Commission and the other public announcements that the Company may make, by press release or otherwise, from time to time.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
Exhibit No.Description
99.1
Press Release dated July 28, 2025
99.2
Simpson Manufacturing Co., Inc. Investor Presentation
104Cover Page Interactive Data File (embedded within the XBRL document)




SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  
 
  Simpson Manufacturing Co., Inc.
        (Registrant)
    
    
    
DATE:July 28, 2025By/s/Matt Dunn
   Matt Dunn
   Chief Financial Officer
 
 
 

2

FAQ

What did PepsiCo (PEP) announce in its July 28 2025 8-K?

It completed a �1 bn offering of 3.450% notes due 2037 and 4.050% notes due 2055.

How much net cash will PepsiCo receive from the bond sale?

Approximately �989 million after discounts and expenses.

What will PepsiCo use the proceeds for?

General corporate purposes, including repayment of outstanding commercial paper.

Are the new notes secured or unsecured?

They are unsecured senior obligations, ranking pari passu with existing senior debt.

Who managed the offering?

Deutsche Bank AG, London Branch, HSBC Bank plc and Mizuho International plc served as joint book-running managers.

When do the notes mature and what are their coupons?

2037 notes mature July 28 2037 at 3.450%; 2055 notes mature July 28 2055 at 4.050%.
Simpson Manuf

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6.95B
41.63M
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Lumber & Wood Production
Cutlery, Handtools & General Hardware
United States
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