Davis Polk & Wardwell LLP is advising PepsiCo, Inc. on its definitive merger agreements with The Pepsi Bottling Group, Inc. and PepsiAmericas, Inc. under which PepsiCo will acquire all of the outstanding shares of common stock it does not already own in its two largest anchor bottlers. The total value of the shares that PepsiCo will be acquiring is approximately $7.8 billion and the acquisitions will create one of the largest food and beverage companies globally.

As part of the financing package for the acquisitions, Davis Polk is advising PepsiCo on obtaining a $4 billion bridge financing commitment.

The Davis Polk team includes partners George R. Bason Jr., Arthur F. Golden, John A. Bick, John H. Butler and Marc O. Williams, associates Ashleigh S. Kyle, Ajay B. Lele, Sapna Dutta, Rahael Seifu and Ryan Wesley Pakter and summer associate Jacqueline M. Pace. The credit team includes partners Joseph P. Hadley and Jinsoo H. Kim and associate Justin Goldblatt. Partner Jean M. McLoughlin and associates Bernice A. Grant, Ron M. Aizen, Wendy M. Phillips and Sarah Ashfaq (not yet admitted) are providing benefits advice. Counsel Betty M. Huber and associate Hayden Baker are providing environmental advice. Partner Avishai Shachar and associates Raymond J. Holst and Craig A. Phillips are providing tax advice. Partner Lawrence Portnoy and associate Scott B. Luftglass are providing litigation advice. Partner Ronan P. Harty is providing antitrust advice. Partner Joseph A. Hall and associate Amber D. Derryberry are providing capital markets advice. All members of the Davis Polk team are based in the New York office.