Mondelez International Files 8-K on Debt Issuances

Ticker: MDLZ · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1103982

Sentiment: neutral

Topics: debt-issuance, financing, notes

Related Tickers: MDLZ

TL;DR

MDLZ dropped new debt notes across multiple maturities, check the rates!

AI Summary

Mondelez International, Inc. filed an 8-K on July 3, 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%.

Why It Matters

This filing indicates Mondelez International is actively managing its capital structure through the issuance of new debt, which could impact its financial leverage and future interest expenses.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of debt issuances and does not indicate any immediate operational or financial distress.

Key Numbers

Key Players & Entities

FAQ

What specific types of debt instruments were issued by Mondelez International?

Mondelez International issued various notes, including 'One Point Six Twenty Five Percent Notes Due 2027', 'Zero Point Two Fifty Percent Notes Due 2028', 'Zero Point Seven Fifty Percent Notes Due 2033', 'Two Point Three Seventy Five Percent Notes Due 2035', 'Four Point Five Percent Notes Due 2035', and 'One Point Three Seventy Five Percent Notes Due 2041'.

What is the maturity date for the notes with the lowest stated interest rate?

The notes with the lowest stated interest rate of 0.250% are due in 2028.

What is the highest interest rate mentioned for the debt issuances?

The highest interest rate mentioned for the debt issuances is 4.5% for notes due in 2035.

On what date was this 8-K filing submitted?

This 8-K filing was submitted on July 3, 2024.

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits', specifically detailing various debt issuances.

Filing Stats: 938 words · 4 min read · ~3 pages · Grade level 8.6 · Accepted 2024-07-03 16:05:32

Key Financial Figures

Filing Documents

01. Other Events

Item 8.01. Other Events. On July 3, 2024, we issued an aggregate principal amount of C$650 million of CAD-denominated senior notes due 2031 (the "Notes"). The Notes were issued pursuant to an Indenture, dated as of March 6, 2015 (the "Indenture"), by and between us and Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), as supplemented and modified by Supplemental Indenture No. 1, dated as of February 13, 2019 ("Supplemental Indenture No. 1"), by and between us and the Trustee (to change the notice period for redemptions of the notes and future note offerings), and Supplemental Indenture No. 2, dated as of April 13, 2020 ("Supplemental Indenture No. 2"), by and between us and the Trustee (to allow for electronic execution, authentication, delivery and dating of documents under the Indenture), and as further supplemented and modified in respect of the Notes by an officers' certificate under Section 301 of the Indenture, dated as of July 3, 2024 (the "301 Certificate"). We filed with the Securities and Exchange Commission (the "SEC") the Indenture together with our Registration Statement (as defined below) on February 28, 2020. Copies of the Indenture, Supplemental Indenture No. 1, Supplemental Indenture No. 2 and the 301 Certificate are filed as Exhibits 4.1, 4.2, 4.3 and 4.4, respectively, to this Current Report. We have filed with 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.

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 4.1 Indenture (incorporated by reference to Exhibit 4.4 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on February 24, 2017). 4.2 Supplemental Indenture No. 1, dated February 13, 2019, between Mondelz International, Inc. and Deutsche Bank Trust Company Americas (incorporated by reference to Exhibit 4.2 to the Registrant's Current Report on Form 8-K dated February 13, 2019, filed with the SEC on February 13, 2019). 4.3 Supplemental Indenture No. 2, dated April 13, 2020, between Mondelz International, Inc. and Deutsche Bank Trust Company Americas (incorporated by reference to Exhibit 4.3 to the Registrant's Current Report on Form 8-K dated April 13, 2020, filed with the SEC on April 13, 2020). 4.4 301 Certificate. 4.5 Specimen of Notes (included in the 301 Certificate filed as Exhibit 4.4 hereto). 5.1 Opinion of Gibson, Dunn & Crutcher LLP, dated July 3, 2024. 5.2 Opinion of Hunton Andrews Kurth LLP, dated July 3, 2024. 23.1 Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.1 hereto). 23.2 Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.2 hereto). 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 3, 2024

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