Mondelez Prices Multi-Tranche Senior Notes Offering

TL;DR

**Mondelez just priced a bunch of new senior notes with varying maturities and rates, signaling a major debt raise.**

AI Summary

Mondelez International, Inc. filed an 8-K on February 20, 2024, to disclose the pricing of a public offering of senior notes. The offering includes various tranches of notes with different interest rates and maturity dates, such as 1.625% Notes due 2027, 0.250% Notes due 2028, and 0.750% Notes due 2033. This filing also covers 2.375% Notes due 2035, 4.5% Notes due 2035, 1.375% Notes due 2041, and 3.875% Notes due 2045, indicating a significant debt financing activity by the company.

Why It Matters

This debt offering allows Mondelez to raise capital, which can be used for general corporate purposes, refinancing existing debt, or funding strategic initiatives, impacting the company's financial structure and future growth.

Risk Assessment

Risk Level: medium — While debt offerings provide capital, they also increase the company's leverage and future interest payment obligations.

Key Players & Entities

• Mondelez International, Inc. (company) — filer of the 8-K and issuer of notes
• February 20, 2024 (date) — filing date and pricing date of notes
• 1.625% (dollar_amount) — interest rate for notes due 2027
• 2027 (date) — maturity year for a tranche of notes
• 0.250% (dollar_amount) — interest rate for notes due 2028
• 2028 (date) — maturity year for a tranche of notes
• 0.750% (dollar_amount) — interest rate for notes due 2033
• 2033 (date) — maturity year for a tranche of notes
• 2.375% (dollar_amount) — interest rate for notes due 2035
• 4.5% (dollar_amount) — interest rate for another tranche of notes due 2035

FAQ

From the Filing

0001103982-24-000022.txt : 20240220 0001103982-24-000022.hdr.sgml : 20240220 20240220090951 ACCESSION NUMBER: 0001103982-24-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240220 ITEM INFORMATION: Regulation FD Disclosure 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: 24651111 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-20240220.htm 8-K mdlz-20240220 0001103982 FALSE 0001103982 2024-02-20 2024-02-20 0001103982 us-gaap:CommonClassAMember 2024-02-20 2024-02-20 0001103982 mdlz:OnePointSixTwentyFivePercentNotesDue2027Member 2024-02-20 2024-02-20 0001103982 mdlz:ZeroPointTwoFiftyPercentNotesDue2028Member 2024-02-20 2024-02-20 0001103982 mdlz:ZeroPointSevenFiftyPercentNotesDue2033Member 2024-02-20 2024-02-20 0001103982 mdlz:TwoPointThreeSeventyFivePercentNotesDue2035Member 2024-02-20 2024-02-20 0001103982 mdlz:FourPointFivePercentNotesDue2035Member 2024-02-20 2024-02-20 0001103982 mdlz:OnePointThreeSeventyFivePercentNotesDue2041Member 2024-02-20 2024-02-20 0001103982 mdlz:ThreePointEightSeventyFivePercentNotesDue2045Member 2024-02-20 2024-02-20 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 20, 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 Number) 905 West Fulton Market, Suite 200 , Chicago , IL 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 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 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2). Emerging