Mondelēz International Announces Redemption Price for 0.625% Notes Due 2022

Rhea-AI Summary

Mondelēz International (Nasdaq: MDLZ) has announced that it will redeem its outstanding 0.625% Notes due 2022 on March 18, 2022. The redemption price is set at $1,000.11 per $1,000 principal amount, with additional accrued interest of $1.336806, totaling $1,001.446806. This action follows the Indenture established on March 6, 2015, and subsequent amendments. The company reported 2021 net revenues of approximately $29 billion, highlighting its prominent position in the global snack market.

Positive

• Redemption price of $1,000.11 indicates confidence in debt management.
• Total redemption value, including interest, is $1,001.446806, providing value to noteholders.

Negative

• None.

CHICAGO, March 16, 2022 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) (“Mondelēz International” or the “Company”) today announced the redemption price for its outstanding 0.625% Notes due 2022 (CUSIP No. 609207 AV7 / ISIN US609207AV77) (the “Notes”).

The Notes were issued pursuant to the Indenture, dated as of March 6, 2015 (as supplemented and amended from time to time, the “Base Indenture”), by and between the Company and Deutsche Bank Trust Company Americas, as trustee, as supplemented by the Officers’ Certificate of the Company, dated as of July 2, 2020, issued pursuant to Section 301 of the Base Indenture. As previously announced, the Company will redeem the Notes on March 18, 2022 (the “Redemption Date”).

The redemption price per $1,000 principal amount of the redeemed Notes (the “Redemption Price”) is $1,000.11. In addition to the Redemption Price, the redeeming holders of the Notes will receive $1.336806 in accrued interest per $1,000 principal amount of the redeemed Notes. Therefore, the total Redemption Price plus accrued interest will be $1,001.446806 per $1,000 principal amount of the redeemed Notes.

About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2021 net revenues of approximately $29 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.

Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “intend” and similar expressions are intended to identify Mondelēz International’s forward-looking statements, including, but not limited to, statements about the redemption of the Notes. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results to differ materially from those indicated in Mondelēz International’s forward-looking statements. Please see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including Mondelēz International’s most recently filed Annual Report on Form 10-K. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.

Contacts:	Tracey Noe (Media)	Shep Dunlap (Investors)
	+1 847 943 5678	+1 847 943 5454
	news@mdlz.com	ir@mdlz.com

FAQ

What is the redemption date for Mondelēz International's 0.625% Notes?

The redemption date is March 18, 2022.

What is the total redemption price for the 0.625% Notes?

The total redemption price is $1,001.446806 per $1,000 principal amount.

When was the Indenture for the Notes issued?

The Indenture was issued on March 6, 2015.

Who is the trustee for the 0.625% Notes?

The trustee is Deutsche Bank Trust Company Americas.

What were Mondelēz International's 2021 net revenues?

Mondelēz International reported net revenues of approximately $29 billion in 2021.