Mondelez International Holdings Netherlands B.V. Calls for Redemption of 2.000% Notes due 2021

Rhea-AI Summary

On August 27, 2021, Mondelēz International announced that its subsidiary, Mondelez International Holdings Netherlands B.V., will redeem $1.5 billion of its 2.000% Notes due 2021. This redemption will occur on September 28, 2021, at a 100% principal amount plus any accrued interest. The Notes were issued as per the Base Indenture dated October 28, 2016. Mondelēz, known for iconic brands like OREO and Cadbury, reported approximately $27 billion in net revenues for 2020, and is a proud member of the S&P 500 and Nasdaq 100.

Positive

• Redemption of $1.5 billion in Notes indicates strong financial management.
• No outstanding balance on the Notes post-redemption will improve cash flow.

Negative

• None.

CHICAGO, Aug. 27, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) (“Mondelēz International”) announces today that its fully-owned subsidiary Mondelez International Holdings Netherlands B.V. (the “Company”) has called for redemption of the entire $1,500,000,000 aggregate principal amount of its outstanding 2.000% Notes due 2021 (CUSIP No. 60920LAC8 / N6000LAC9; ISIN No. US60920LAC81 / USN6000LAC92) (the “Notes”), which were issued pursuant to the Indenture, dated as of October 28, 2016 (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 October 28, 2016, issued pursuant to Section 3.1 of the Base Indenture.

The Notes will be redeemed on September 28, 2021 (the “Redemption Date”). The Notes will be redeemed at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the Redemption Date.

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, Mondelēz International 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 Mondelēz International 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 Mondelēz International’s 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.

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

FAQ

When is Mondelēz International redeeming its 2.000% Notes?

Mondelēz International will redeem its 2.000% Notes on September 28, 2021.

What is the total amount of the Notes being redeemed by Mondelēz?

Mondelēz International is redeeming a total of $1.5 billion of its 2.000% Notes.

What will be the redemption price for the Notes?

The Notes will be redeemed at a price equal to 100% of their principal amount plus any accrued interest.

What is the significance of the redemption for Mondelēz shareholders?

The redemption signifies effective financial management and enhances cash flow by eliminating debt obligations.