Summary
Mondelez International, Inc. (MDLZ) filed an 8-K on July 2, 2020, to report on the pricing and issuance of a new series of senior notes. Specifically, the company announced and priced an offering of $1.0 billion in aggregate principal amount of senior notes due in 2022. This action was taken to secure additional financing, with the notes being issued under an established indenture and related supplemental indentures. Investors should note that this filing details the transactional aspects of the debt offering, including the entry into a Terms Agreement with underwriters and the incorporation by reference of existing underwriting and indenture agreements. The issuance of these notes is part of Mondelez's ongoing capital management strategy. The company also filed relevant prospectuses and prospectus supplements as part of its registration statement.
Key Highlights
- 1Mondelez International issued $1.0 billion in senior notes due 2022.
- 2The offering was announced and priced on June 30, 2020.
- 3The notes were issued on July 2, 2020.
- 4The issuance was conducted through an offering under an established registration statement on Form S-3.
- 5The company entered into a Terms Agreement with underwriters, including BBVA Securities Inc., Citigroup Global Markets Inc., and TD Securities (USA) LLC.
- 6Existing underwriting and indenture agreements were referenced, indicating a standard debt issuance process.
- 7The filing includes legal opinions and consents related to the issuance.