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This excerpt taken from the PBG 8-K filed Sep 16, 2009. Interest
Rate Risk
Interest rate risk is inherent to both fixed- and floating-rate
debt. We effectively converted $1.1 billion of our senior
notes to floating-rate debt through the use of interest rate
swaps. Changes in interest rates on our interest rate swaps and
other variable debt would change our interest expense. We
estimate that a 50 basis point increase in interest rates
on our variable rate debt and cash equivalents, with all other
variables held constant, would have resulted in an increase to
net interest expense of $1 million and $2 million in
fiscal years 2008 and 2007, respectively.
These excerpts taken from the PBG 10-K filed Feb 20, 2009. Interest
Rate Risk
Interest rate risk is inherent to both fixed- and floating-rate
debt. We effectively converted $1.1 billion of our senior
notes to floating-rate debt through the use of interest rate
swaps. Changes in interest rates on our interest rate swaps and
other variable debt would change our interest expense. We
estimate that a 50 basis point increase in interest rates
on our variable rate debt and cash equivalents, with all other
variables held constant, would have resulted in an increase to
net interest expense of $1 million and $2 million in
fiscal years 2008 and 2007, respectively.
Interest Rate Risk Interest rate risk is inherent to both fixed- and floating-rate debt. We effectively converted $1.1 billion of our senior notes to floating-rate debt through the use of interest rate swaps. Changes in interest rates on our interest rate swaps and other variable debt would change our interest expense. We estimate that a 50 basis point increase in interest rates on our variable rate debt and cash equivalents, with all other variables held constant, would have resulted in an increase to net interest expense of $1 million and $2 million in fiscal years 2008 and 2007, respectively. These excerpts taken from the PBG 10-K filed Feb 27, 2008. Interest
Rate Risk
Interest rate risk is present with both fixed and floating-rate
debt. We effectively converted $550 million of our senior
notes to floating rate debt through the use of interest rate
swaps. Changes in interest rates on our interest rate swaps and
other variable debt would change our interest expense. We
estimate that a 50-basis point increase in interest rates on our
variable rate debt and cash equivalents with all other variables
held constant would have resulted in an increase to net interest
expense of $2 million in 2007 and 2006.
Interest Rate Risk Interest rate risk is present with both fixed and floating-rate debt. We effectively converted $550 million of our senior notes to floating rate debt through the use of interest rate swaps. Changes in interest rates on our interest rate swaps and other variable debt would change our interest expense. We estimate that a 50-basis point increase in interest rates on our variable rate debt and cash equivalents with all other variables held constant would have resulted in an increase to net interest expense of $2 million in 2007 and 2006. | EXCERPTS ON THIS PAGE:
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