Mondelez International, Inc. (MDLZ): debt financing — Mondelez enters $1.5B 364-day revolving credit facility, terminates prior $2.5B facility

Mondelez International, Inc.

New $1.5B 364-day senior unsecured revolving credit facility entered on Feb 22, 2023.
Prior $2.5B 364-day facility dated Feb 23, 2022 was terminated.
Facility matures Feb 21, 2024; may extend to Feb 21, 2025.
Interest based on SOFR or base rate plus margin tied to credit ratings.
Proceeds for general corporate purposes and to support commercial paper program.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Mondelez International, Inc. incurred revolving credit of $1.5 billion with JPMorgan Chase Bank, N.A., as administrative agent at SOFR or base rate, at our election, plus an applicable margin maturing February 21, 2024.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: SOFR or base rate, at our election, plus an applicable margin
Maturity: February 21, 2024
Event: incurrence

Exact text from the filing

On February 22, 2023, 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.

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Mondelez International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-044916

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