Mondelez Files 8-K on Debt Issuances
Ticker: MDLZ · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1103982
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
MDLZ filed an 8-K detailing new debt notes with rates from 0.25% to 4.5% due between 2027-2041.
AI Summary
Mondelez International, Inc. filed an 8-K on June 26, 2024, to report on other events and financial statements. The filing details various debt issuances, including notes due in 2027, 2028, 2033, 2035, and 2041, with interest rates ranging from 0.250% to 4.5%. This filing is primarily informational regarding their financing activities.
Why It Matters
This filing indicates Mondelez International is actively managing its debt structure, which can impact its financial leverage and future interest expenses.
Risk Assessment
Risk Level: low — The filing is informational and relates to routine debt management, not a significant event like an acquisition or major operational change.
Key Numbers
- 0.250% — Lowest Interest Rate (On notes due 2028)
- 4.5% — Highest Interest Rate (On notes due 2035)
- 2027-2041 — Note Maturities (Range of debt maturity dates)
Key Players & Entities
- Mondelez International, Inc. (company) — Filer
- 0.250% (dollar_amount) — Interest rate on notes due 2028
- 4.5% (dollar_amount) — Interest rate on notes due 2035
- 2027 (date) — Maturity year for notes
- 2041 (date) — Maturity year for notes
FAQ
What specific debt instruments are detailed in this 8-K filing?
The filing details various notes including those due 2027, 2028, 2033, 2035, and 2041 with specific interest rates like 1.625%, 0.250%, 0.750%, 2.375%, 4.5%, 1.375%, and 3.875%.
What is the date of this 8-K filing?
The filing date is July 1, 2024, reporting on events as of June 26, 2024.
What is the primary purpose of this 8-K filing?
The primary purpose is to report on 'Other Events' and 'Financial Statements and Exhibits', specifically detailing various debt issuances.
What is the range of interest rates for the notes mentioned?
The interest rates for the notes range from 0.250% to 4.5%.
What is the maturity range for the debt instruments mentioned?
The maturity dates for the debt instruments range from 2027 to 2041.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 9 · Accepted 2024-07-01 17:00:46
Filing Documents
- mdlz-20240626.htm (8-K) — 42KB
- exhibit12-pricingterms8xk.htm (EX-1.2) — 149KB
- 0001628280-24-030660.txt ( ) — 418KB
- mdlz-20240626.xsd (EX-101.SCH) — 4KB
- mdlz-20240626_def.xml (EX-101.DEF) — 18KB
- mdlz-20240626_lab.xml (EX-101.LAB) — 35KB
- mdlz-20240626_pre.xml (EX-101.PRE) — 19KB
- mdlz-20240626_htm.xml (XML) — 8KB
01. Other Events
Item 8.01. Other Events. On June 26, 2024, we announced and priced an offering (the "Notes Offering") of CAD-denominated senior notes due 2031 (the "Notes"). In connection with the Notes Offering, on June 26, 2024, we entered into a Terms Agreement in respect of the Notes (the "Terms Agreement") with CIBC World Markets Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and SG Americas Securities, LLC (collectively, the "Underwriters"), pursuant to which we agreed to issue and sell the Notes to the Underwriters. The provisions of an Amended and Restated Underwriting Agreement dated as of February 28, 2011 (the "Underwriting Agreement") are incorporated by reference into the Terms Agreement. A copy of the Underwriting Agreement is filed as Exhibit 1.1, and a copy of the Terms Agreement is filed as Exhibit 1.2 to this Current Report. We have filed with the Securities and Exchange Commission (the "SEC") a Prospectus, dated as of February 27, 2023, and a Prospectus Supplement for the Notes, dated as of June 26, 2024, each of which forms a part of our Registration Statement on Form S-3 (Registration No. 333-270063) (the "Registration Statement") in connection with the offering of the Notes. We are filing the items listed below as exhibits to this Current Report for the purpose of incorporating them as exhibits to the Registration Statement. We expect the Notes Offering to close on July 3, 2024, subject to the satisfaction of customary closing conditions.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) The following exhibits are being filed with this Current Report on Form 8-K. Exhibit Number Description 1.1 Amended and Restated Underwriting Agreement, dated February 28, 2011 (incorporated by reference to Exhibit 1.1 to Kraft Foods Inc.'s Registration Statement on Form S-3 filed with the SEC on February 28, 2011). 1.2 Terms Agreement for Notes, dated as of June 26, 2024, among Mondelz International, Inc. and CIBC World Markets Inc., Merrill Lynch Can a da Inc., RBC Dominion Securities Inc., TD Securities Inc., BNP Paribas (Canada) Securities Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and SG Americas Securities, LLC, as underwriters. 104 The cover page from Mondelz International, Inc.'s Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).
SIGNATURES
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. MONDELZ INTERNATIONAL, INC. By: /s/ Luca Zaramella Name: Luca Zaramella Title: Executive Vice President and Chief Financial Officer Date: July 1, 2024