Mondelez Files 8-K on Debt Offerings
Ticker: MDLZ · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1103982
Sentiment: neutral
Topics: debt-issuance, financing, capital-structure
TL;DR
MDLZ filed an 8-K detailing multiple debt note issuances across various maturity dates.
AI Summary
Mondelez International, Inc. filed an 8-K on August 23, 2024, reporting on "Other Events" and "Financial Statements and Exhibits." 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 is actively managing its capital structure through various debt issuances, 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 present immediate financial distress or significant operational changes.
Key Numbers
- 0.250% — Interest Rate (Lowest interest rate on notes due 2028)
- 4.5% — Interest Rate (Highest interest rate on notes due 2035)
- 2027 — Maturity Year (One of the debt note maturity years)
- 2041 — Maturity Year (One of the debt note maturity years)
Key Players & Entities
- Mondelez International, Inc. (company) — Filer
- 0001103982 (company) — Central Index Key
- 905 WEST FULTON MARKET (location) — Business Address
- CHICAGO (location) — Business Address City
- IL (location) — Business Address State
- 60607 (location) — Business Address Zip
- KRAFT FOODS INC (company) — Former Company Name
FAQ
What specific debt instruments did Mondelez International, Inc. issue according to this 8-K filing?
The filing lists several debt notes including 'OnePointSixTwentyFivePercentNotesDue2027', 'ZeroPointTwoFiftyPercentNotesDue2028', 'ZeroPointSevenFiftyPercentNotesDue2033', 'TwoPointThreeSeventyFivePercentNotesDue2035', 'FourPointFivePercentNotesDue2035', and 'OnePointThreeSeventyFivePercentNotesDue2041'.
What is the earliest maturity date for the debt mentioned in the filing?
The earliest maturity date mentioned for the debt issuances is 2027, specifically for the 'OnePointSixTwentyFivePercentNotesDue2027'.
What is the latest maturity date for the debt mentioned in the filing?
The latest maturity date mentioned for the debt issuances is 2041, specifically for the 'OnePointThreeSeventyFivePercentNotesDue2041'.
What was Mondelez International's former company name?
Mondelez International, Inc.'s former company name was KRAFT FOODS INC.
On what date was this 8-K filing submitted?
This 8-K filing was submitted on August 23, 2024.
Filing Stats: 776 words · 3 min read · ~3 pages · Grade level 9.6 · Accepted 2024-08-23 06:01:05
Filing Documents
- mdlz-20240822.htm (8-K) — 41KB
- exhibit12-8xkaugust2024.htm (EX-1.2) — 97KB
- 0001628280-24-038307.txt ( ) — 358KB
- mdlz-20240822.xsd (EX-101.SCH) — 4KB
- mdlz-20240822_def.xml (EX-101.DEF) — 18KB
- mdlz-20240822_lab.xml (EX-101.LAB) — 35KB
- mdlz-20240822_pre.xml (EX-101.PRE) — 19KB
- mdlz-20240822_htm.xml (XML) — 8KB
01. Other Events
Item 8.01. Other Events. On August 22, 2024, we announced and priced an offering (the "Notes Offering") of senior notes due 2034 (the "Notes"). In connection with the Notes Offering, on August 22, 2024, we entered into a Terms Agreement in respect of the Notes (the "Terms Agreement") with BBVA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein (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 August 22, 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 August 28, 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 August 22, 2024, among Mondelz International, Inc. and BBVA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC, as representatives of the several underwriters named therein. 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: August 23, 2024