Summary
Mondelēz International, Inc. (MDLZ) has filed a Form 8-K to announce and price an offering of senior notes due in 2034. The company entered into a Terms Agreement with several underwriters, including BBVA Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, and Wells Fargo Securities, LLC, on August 22, 2024, to facilitate this debt issuance. This offering is part of a larger shelf registration previously filed with the SEC. Investors should note that this filing is primarily an informational announcement regarding new debt. The offering is expected to close on August 28, 2024, subject to standard closing conditions. While the specific terms and amount of the notes are not detailed in this 8-K, the filing confirms the company's intention to raise capital through debt markets, which could be used for various corporate purposes such as general corporate needs, acquisitions, or refinancing existing debt.
Key Highlights
- 1Mondelēz International priced an offering of senior notes due 2034.
- 2The Notes Offering was announced and priced on August 22, 2024.
- 3The company entered into a Terms Agreement with multiple underwriters, including J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, on August 22, 2024.
- 4This offering is conducted under a previously filed registration statement (Form S-3) with the SEC.
- 5A Prospectus Supplement for the notes was filed on August 22, 2024.
- 6The closing of the Notes Offering is expected on August 28, 2024, contingent on customary conditions.
- 7The filing incorporates by reference existing underwriting agreements and files the new Terms Agreement as an exhibit.