8-KOther Events

Mondelez International, Inc. 8-K Report (May 20, 2002)

Filed May 20, 2002For Securities:MDLZ

Summary

This 8-K filing from Kraft Foods Inc. (the predecessor to Mondelez International, Inc.) on May 20, 2002, primarily reports on the company's successful completion of a significant debt offering. The company issued $1 billion in 5.25% Notes due 2007 and $1.5 billion in 6.25% Notes due 2012, totaling $2.5 billion in aggregate principal amount. This issuance indicates the company's proactive approach to managing its capital structure and potentially funding growth initiatives or refinancing existing debt. Investors should note the specific interest rates and maturity dates of these notes as they represent significant long-term obligations for the company. The filing also includes the relevant documentation, such as the Terms Agreement and specimen notes, which provide further detail on the terms and conditions of this debt issuance.

Key Highlights

  • 1Kraft Foods Inc. announced the completion of a public offering of debt securities totaling $2.5 billion.
  • 2The offering included $1 billion of 5 1/4% Notes due 2007.
  • 3The offering also included $1.5 billion of 6 1/4% Notes due 2012.
  • 4The company filed the Terms Agreement and other related documents with the SEC as part of this report.
  • 5The filing was made on May 20, 2002, reporting an event date of May 19, 2002.
  • 6The proceeds from this offering are intended for corporate purposes, likely including refinancing or strategic investments.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report on Kraft Foods Inc.'s completion of a substantial public offering of debt securities, totaling $2.5 billion, and to file the associated legal and financial documentation.

Kraft Foods Inc. issued $1 billion of 5 1/4% Notes due 2007 and $1.5 billion of 6 1/4% Notes due 2012.

This significant debt issuance suggests that Kraft Foods Inc. was actively managing its capital structure, potentially to fund strategic initiatives, acquisitions, or to refinance existing debt. It indicates a need for substantial capital to support the company's operations or growth plans at that time.

More detailed information regarding the terms and conditions of these notes can be found in the filed exhibits, specifically the Terms Agreement dated May 15, 2002, and the specimen notes (4.1(a) and 4.1(b)).