---
schema_version: "secwatch.filing_event.v1"
accession: "0001103982-24-000027"
form_type: "8-K"
ticker: "MDLZ"
cik: "0001103982"
company_name: "Mondelez International, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:40:27.936517+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mondelez replaces $1.5B 364-day credit facility with new $1.5B facility expiring Feb 2025

## Summary
- Entered $1.5B 364-day senior unsecured revolving credit agreement on Feb 21, 2024, JPMorgan as administrative agent.
- Terminates on Feb 19, 2025; can extend outstanding loans to Feb 19, 2026; capacity can be increased by $500M with lender consent.
- Interest rate variable: SOFR plus 0.84% – 1.285% margin based on long-term debt rating; also base rate option.
- Covenant requires minimum shareholders' equity of $25B (excluding AOCI and pension mark-to-market).
- Replaces a prior $1.5B 364-day facility dated Feb 22, 2023 which was terminated; funds for general corporate and commercial paper support.

## SEC filing metadata
- accession: 0001103982-24-000027
- form_type: 8-K
- ticker: MDLZ
- cik: 0001103982
- company_name: Mondelez International, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1103982/000110398224000027/0001103982-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1103982/000110398224000027/mdlz-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001103982-24-000027
- JSON: https://secwatch.observer/filing/0001103982-24-000027.json
- Plain text: https://secwatch.observer/filing/0001103982-24-000027.txt

## Key facts
- Debt Financings
  Mondelez International, Inc. incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A., as administrative agent at variable annual rate based on SOFR or base rate, at our election, plus an applic maturing February 19, 2025.
  - Instrument: revolving credit
  - Principal: $1.5 billion
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: variable annual rate based on SOFR or base rate, at our election, plus an applic
  - Maturity: February 19, 2025
  - Event: incurrence
  source text: On February 21, 2024, we entered into a revolving credit agreement (the "364-Day Revolving Credit Agreement") for a 364-day senior unsecured revolving credit facility in an aggregate principal amount of $1.5 billion with the lenders named in the 364-Day Revolving Credit Agreement and JPMorgan Chase Bank, N.A., as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1103982/000110398224000027/0001103982-24-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.