Mondelez Prices $2.5 Billion Senior Notes Offering

Ticker: MDLZ · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z

Sentiment: neutral

Topics: debt-offering, corporate-finance, senior-notes

TL;DR

**Mondelez just priced a $2.5 billion senior notes offering to fund general corporate purposes, including debt repayment.**

AI Summary

Mondelez International, Inc. filed an 8-K on February 20, 2024, reporting the pricing of a public offering of senior notes totaling $2.5 billion. The offering includes $750 million of 4.750% Notes due 2027, $750 million of 4.875% Notes due 2029, and $1 billion of 5.000% Notes due 2034. The proceeds are intended for general corporate purposes, including debt repayment.

Why It Matters

This debt offering allows Mondelez to raise capital for general corporate purposes, potentially including refinancing existing debt or funding new investments, impacting its financial structure and future growth.

Risk Assessment

Risk Level: low — The filing reports a standard debt offering for a large, established company, which is a routine financing activity.

Key Numbers

$2.5B — Total Senior Notes Offering (Amount raised for general corporate purposes, including debt repayment.)
4.750% — Interest Rate (Rate for Notes due 2027.)
4.875% — Interest Rate (Rate for Notes due 2029.)
5.000% — Interest Rate (Rate for Notes due 2034.)

Key Players & Entities

Mondelez International, Inc. (company) — filer of the 8-K and issuer of senior notes
$2.5 billion (dollar_amount) — total principal amount of senior notes offered
$750 million (dollar_amount) — principal amount of 4.750% Notes due 2027
$750 million (dollar_amount) — principal amount of 4.875% Notes due 2029
$1 billion (dollar_amount) — principal amount of 5.000% Notes due 2034
February 15, 2024 (date) — date of the pricing of the offering

FAQ

What is the total principal amount of senior notes offered by Mondelez International, Inc.?

Mondelez International, Inc. offered a total principal amount of $2.5 billion in senior notes.

What are the specific tranches and their respective interest rates and maturity dates for this offering?

The offering includes $750 million of 4.750% Notes due 2027, $750 million of 4.875% Notes due 2029, and $1 billion of 5.000% Notes due 2034.

What is the stated purpose for the proceeds from this senior notes offering?

The proceeds from this offering are intended for general corporate purposes, which may include the repayment of existing indebtedness.

When was the pricing of this senior notes offering reported?

The pricing of the senior notes offering was reported on February 15, 2024, as indicated in the 8-K filing dated February 20, 2024.

Which SEC form was used to report this event?

This event was reported using a Form 8-K, specifically under Item 8.01 'Other Events' and Item 9.01 'Financial Statements and Exhibits'.

From the Filing

0001628280-24-005656.txt : 20240220 0001628280-24-005656.hdr.sgml : 20240220 20240220171024 ACCESSION NUMBER: 0001628280-24-005656 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240215 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Mondelez International, Inc. CENTRAL INDEX KEY: 0001103982 STANDARD INDUSTRIAL CLASSIFICATION: FOOD & KINDRED PRODUCTS [2000] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 522284372 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16483 FILM NUMBER: 24654762 BUSINESS ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 BUSINESS PHONE: 847-943-4000 MAIL ADDRESS: STREET 1: 905 WEST FULTON MARKET STREET 2: SUITE 200 CITY: CHICAGO STATE: IL ZIP: 60607 FORMER COMPANY: FORMER CONFORMED NAME: KRAFT FOODS INC DATE OF NAME CHANGE: 20000121 8-K 1 mdlz-20240215.htm 8-K mdlz-20240215 0001103982 FALSE 0001103982 2024-02-15 2024-02-15 0001103982 us-gaap:CommonClassAMember 2024-02-15 2024-02-15 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2027Member 2024-02-15 2024-02-15 0001103982 mdlz:ZeroPointTwoFiftyPercentNotesDue2028Member 2024-02-15 2024-02-15 0001103982 mdlz:ZeroPointSevenFiftyPercentNotesDue2033Member 2024-02-15 2024-02-15 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2035Member 2024-02-15 2024-02-15 0001103982 mdlz:FourPointFivePercentNotesDue2035Member 2024-02-15 2024-02-15 0001103982 mdlz:OnePointThreeSeventyFivePercentNotesDue2041Member 2024-02-15 2024-02-15 0001103982 mdlz:ThreePointEightSeventyFivePercentNotesDue2045Member 2024-02-15 2024-02-15 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 15, 2024 MONDELĒZ INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Virginia (State or other jurisdiction of incorporation) 1-16483 (Commission File Number) 52-2284372 (I.R.S. Employer Identification No.) 905 West Fulton Market, Suite 200 , Chicago , Illinois 60607 (Address of principal executive offices, including zip code) ( 847 ) 943-4000 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, no par value MDLZ The Nasdaq Global Select Market 1.625% Notes due 2027 MDLZ27 The Nasdaq Stock Market LLC 0.250% Notes due 2028 MDLZ28 The Nasdaq Stock Market LLC 0.750% Notes due 2033 MDLZ33 The Nasdaq Stock Market LLC 2.375% Notes due 2035 MDLZ35 The Nasdaq Stock Market LLC 4.500% Notes due 2035 MDLZ35A The Nasdaq Stock Market LLC 1.375% Notes due 2041 MDLZ41 The Nasdaq Stock Market LLC 3.875% Notes due 2045 MDLZ45 The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company     ☐ If an emerging growth company, indicate by check mark if the