secwatch.observer — SEC 8-K summary
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Issuer:     Mondelez International, Inc. (MDLZ)
CIK:        0001103982
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001103982-24-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1103982/000110398224000027/0001103982-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1103982/000110398224000027/mdlz-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001103982-24-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer