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Mondelēz International Announces Redemption Prices for 1.000% Notes due 2022, 1.625% Notes due 2023, 2.125% Notes due 2023 and 4.000% Notes due 2024
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Rhea-AI Summary
Mondelēz International (Nasdaq: MDLZ) announced the redemption prices for its outstanding notes. The 1.000% Notes, redeemable on March 31, 2021, will cost €1,014.32 plus €0.65753 accrued interest, totaling €1,014.98 per €1,000. The 1.625% Notes will redeem for €1,038.25 plus €3.11644 interest, totaling €1,041.37. The 2.125% Notes will redeem for $1,032.63 plus $9.92 interest, totaling $1,042.55. Lastly, the 4.000% Notes will redeem for $1,099.87 plus $6.67 interest, totaling $1,106.54. This move is part of the company's ongoing financial strategy.
Positive
Redemption of multiple notes indicates strong financial management.
Accrued interest payments reflect a commitment to meeting obligations.
Negative
None.
CHICAGO, March 29, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) (“Mondelēz International” or the “Company”) today announced the redemption prices for its outstanding 1.000% Notes due 2022 (the “1.000% Notes”), 1.625% Notes due 2023 (the “1.625% Notes”), 2.125% Notes due 2023 (the “2.125% Notes”) and 4.000% Notes due 2024 (the “4.000% Notes” and, together with the 1.000% Notes, the 1.625% Notes and the 2.125% Notes, the “Notes”).
The 1.000% Notes (CUSIP No. 609207AD7) were issued pursuant to the Indenture, dated as of March 6, 2015, by and between the Company and Deutsche Bank Trust Company Americas, as trustee (as supplemented and amended from time to time, the “2015 Base Indenture”), as supplemented by the Officers’ Certificate of the Company, dated as of March 6, 2015, issued pursuant to Section 301 of the 2015 Base Indenture. As previously announced, the Company will redeem the 1.000% Notes on March 31, 2021 (the “Redemption Date”). The redemption price per €1,000 principal amount of the redeemed 1.000% Notes (the “1.000% Notes Redemption Price”) is €1,014.32. In addition to the 1.000% Notes Redemption Price, the redeeming holders of the 1.000% Notes will receive €0.65753 in accrued interest per €1,000 principal amount of the redeemed 1.000% Notes. Therefore, the total 1.000% Notes Redemption Price plus accrued interest will be €1,014.98 per €1,000 principal amount of the redeemed 1.000% Notes.
The 1.625% Notes (CUSIP No. 609207AJ4) were issued pursuant to the 2015 Base Indenture, as supplemented by the Officers’ Certificate of the Company, dated as of January 21, 2016, issued pursuant to Section 301 of the 2015 Base Indenture. As previously announced, the Company will redeem the 1.625% Notes on the Redemption Date. The redemption price per €1,000 principal amount of the redeemed 1.625% Notes (the “1.625% Notes Redemption Price”) is €1,038.25. In addition to the 1.625% Notes Redemption Price, the redeeming holders of the 1.625% Notes will receive €3.11644 in accrued interest per €1,000 principal amount of the redeemed 1.625% Notes. Therefore, the total 1.625% Notes Redemption Price plus accrued interest will be €1,041.37 per €1,000 principal amount of the redeemed 1.625% Notes.
The 2.125% Notes (CUSIP No. 609207AS4) were issued pursuant to the 2015 Base Indenture, as supplemented by the Officers’ Certificate of the Company, dated as of April 13, 2020, issued pursuant to Section 301 of the 2015 Base Indenture. As previously announced, the Company will redeem the 2.125% Notes on the Redemption Date. The redemption price per $1,000 principal amount of the redeemed 2.125% Notes (the “2.125% Notes Redemption Price”) is $1,032.63. In addition to the 2.125% Notes Redemption Price, the redeeming holders of the 2.125% Notes will receive $9.92 in accrued interest per $1,000 principal amount of the redeemed 2.125% Notes. Therefore, the total 2.125% Notes Redemption Price plus accrued interest will be $1,042.55 per $1,000 principal amount of the redeemed 2.125% Notes.
The 4.000% Notes (CUSIP No. 609207AB1) were issued pursuant to the Indenture, dated as of October 17, 2001, by and between the Company and Deutsche Bank Trust Company Americas, as trustee (as supplemented and amended from time to time, the “2001 Base Indenture”), as supplemented by the Officers’ Certificate of the Company, dated as of January 16, 2014, issued pursuant to Section 301 of the 2001 Base Indenture. As previously announced, the Company will redeem the 4.000% Notes on the Redemption Date. The redemption price per $1,000 principal amount of the redeemed 4.000% Notes (the “4.000% Notes Redemption Price”) is $1,099.87. In addition to the 4.000% Notes Redemption Price, the redeeming holders of the 4.000% Notes will receive $6.67 in accrued interest per $1,000 principal amount of the redeemed 4.000% Notes. Therefore, the total 4.000% Notes Redemption Price plus accrued interest will be $1,106.54 per $1,000 principal amount of the redeemed 4.000% Notes.
About Mondelēz International Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2020 net revenues of approximately $27 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 forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “plan” and similar expressions are intended to identify these 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 these forward-looking statements. Please also 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 its 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.
