8-KOther EventsExhibits & Filings

Mondelez International, Inc. 8-K Report, Corporate Update (Mar 17, 2021)

Filed March 17, 2021For Securities:MDLZ

Summary

Mondelez International, Inc. (MDLZ) filed an 8-K on March 17, 2021, detailing the pricing and issuance of a significant debt offering. The company announced and priced an offering of €750 million in 0.250% Notes due 2028, €600 million in 0.750% Notes due 2033, and €650 million in 1.375% Notes due 2041. These notes, collectively referred to as the "Notes," represent a substantial capital raise for the company. The issuance was facilitated through a Terms Agreement with several underwriters and was registered under a Form S-3 shelf registration. This filing provides investors with transparency into the company's financing activities and its strategy for managing its capital structure. The specific terms and conditions of these notes, along with the legal agreements governing their issuance, are detailed in the accompanying exhibits, making this a key disclosure for understanding MDLZ's recent financial operations and debt obligations.

Key Highlights

  • 1Mondelez International priced a multi-tranche Euro-denominated debt offering on March 3, 2021.
  • 2The offering included €750 million of 0.250% Notes due 2028.
  • 3The offering also included €600 million of 0.750% Notes due 2033.
  • 4Additionally, €650 million of 1.375% Notes due 2041 were issued.
  • 5The total aggregate principal amount of the Notes offered is €2.0 billion.
  • 6The issuance was conducted under an existing Form S-3 shelf registration statement.
  • 7Key legal agreements, including a Terms Agreement and various Indentures, are filed as exhibits.

Frequently Asked Questions

This 8-K filing primarily announces and details the pricing and issuance of a new debt offering by Mondelez International, Inc. It provides investors with information regarding the aggregate principal amounts, interest rates, and maturity dates of the newly issued notes.

Mondelez International, Inc. issued an aggregate principal amount of €2.0 billion (approximately $2.0 billion) through this offering, comprised of three different tranches of notes with varying maturities and interest rates.

The offering consists of: - €750,000,000 of 0.250% Notes due 2028 - €600,000,000 of 0.750% Notes due 2033 - €650,000,000 of 1.375% Notes due 2041

This debt issuance increases the company's total debt. Investors should consider the purpose of the debt (e.g., refinancing existing debt, funding operations, or acquisitions) and the company's ability to service this new debt based on its cash flows and existing debt obligations. The low interest rates on some tranches may indicate favorable borrowing conditions.