Mondelez International, Inc. (MDLZ): debt financing — Mondelez enters $2.0B revolving credit facility due Dec 2023

Mondelez International, Inc.

$2.0B senior unsecured revolving credit facility with Mizuho Bank as administrative agent.
Facility terminates Dec 29, 2023; interest at SOFR or base rate plus margin tied to credit ratings.
Covenant requires minimum shareholders' equity of $25B (excludes AOCI and pension adjustments).
Proceeds for general corporate purposes, working capital, 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 $2.0 billion with Mizuho Bank, Ltd., as administrative agent at variable annual rate based on SOFR or base rate, plus an applicable margin maturing December 29, 2023.

Instrument: revolving credit
Principal: $2.0 billion
Counterparty: Mizuho Bank, Ltd., as administrative agent
Rate: variable annual rate based on SOFR or base rate, plus an applicable margin
Maturity: December 29, 2023
Event: incurrence

Exact text from the filing

On April 6, 2023, we entered into a revolving credit agreement (the "Revolving Credit Agreement") for a senior unsecured revolving credit facility in an aggregate principal amount of $2.0 billion

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Mondelez International, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-094173

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