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MONDELEZ INTERNATIONAL, INC.

(MDLZ)
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MONDELEZ INTERNATIONAL, INC. : Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (form 8-K)

09/13/2021 | 06:02am EDT

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

On September 9, 2021, Mondelez International Holdings Netherlands B.V. ("MIHNBV"), a wholly-owned Dutch subsidiary of Mondel?z International, Inc. (the "Company"), issued €650 million aggregate principal amount of its 0.250% Notes due 2029 (the "2029 Notes"), €650 million aggregate principal amount of its 0.625% Notes due 2032 (the "2032 Notes") and €700 million aggregate principal amount of its 1.250% Notes due 2041 (the "2041 Notes" and together with the 2029 Notes and the 2032 Notes, the "Notes") in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes were issued pursuant to an Indenture, dated as of October 28, 2016 (the "Base Indenture"), by and between MIHNBV, as issuer, the Company, as guarantor, and Deutsche Bank Trust Company Americas, as trustee, as supplemented and modified in respect of the Notes by a fourth supplemental indenture, dated as of September 9, 2021 (the "Supplemental Indenture" and together with the Base Indenture, the "Indenture").

The Notes will be fully and unconditionally guaranteed by the Company, on a senior unsecured basis. The Notes are not registered under the Securities Act, do not bear registration rights and are subject to restrictions on transferability and resale.

MIHNBV will pay interest on the 2029 Notes, 2032 Notes and 2041 Notes annually in arrears on September 9 of each year, beginning on September 9, 2022. The 2029 Notes will mature on September 9, 2029, the 2032 Notes will mature on September 9, 2032 and the 2041 Notes will mature on September 9, 2041.

The Company intends to allocate an amount equal to the net proceeds from the sale of the Notes, or approximately €1,971.1 million, after deducting its estimated expenses of the offering and the discount to the initial purchasers, to finance or refinance, in whole or in part, one or more new or existing eligible projects in accordance with the Company's Green Bond Framework, August 2021. Pending full allocation of an amount equal to the net proceeds from the sale of the Notes, proceeds will be managed in alignment with the Company's normal liquidity practices, which may include re-financing existing debt. Neither the terms of the Notes, nor the Indenture require us to use the proceeds as described above.

The Indenture contains customary agreements and covenants consistent with those contained in the Company's outstanding senior unsecured notes. These covenants limit MIHNBV's and the Company's ability, subject to certain exceptions, to (i) incur debt secured by liens above a certain threshold, (ii) engage in certain sale and leaseback transactions above a certain threshold and (iii) consolidate, merge, convey or transfer its assets substantially as an entirety. If the Company experiences both a change of control event and a rating downgrade of the applicable series of Notes below an investment grade rating by each of Moody's Investors Service, Inc. and Standard & Poor's Ratings Services within a specified period, MIHNBV will be required to make an offer to purchase the Notes of that series at a price equal to 101% of their aggregate principal amount, plus accrued and unpaid interest to the date of repurchase.

Prior to June 9, 2029, MIHNBV may redeem the 2029 Notes in whole or in part, at its option, at the redemption price described in the related offering memorandum, plus accrued and unpaid interest to, but not including, the date of redemption. On or after June 9, 2029, MIHNBV may redeem the 2029 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. Prior to June 9, 2032, MIHNBV may redeem the 2032 Notes in whole or in part, at its option, at the redemption price described in the related offering memorandum, plus accrued and unpaid interest to, but not including, the date of redemption. On or after June 9, 2032, MIHNBV may redeem the 2032 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption. Prior to June 9, 2041, MIHNBV may redeem the 2041 Notes in whole or in part, at its option, at the redemption price described in the related offering memorandum, plus accrued and unpaid interest to, but not including, the date of redemption. On or after June 9, 2041, MIHNBV may redeem the 2041 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the date of redemption.

The Indenture and the Supplemental Indenture are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K and the description of the material terms of the Indenture (as supplemented and modified by the Supplemental Indenture) is qualified in its entirety by reference to such exhibits, which are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) The following exhibits are being filed with this Current Report on Form 8-K.



Exhibit No.       Description

4.1                 Indenture, dated as of October 28, 2016, by and among Mondelez
                  International Holdings Netherlands B.V., as issuer, Mondel?z
                  International, Inc., as guarantor, and Deutsche Bank Trust
                  Company Americas, as trustee (incorporated by reference to
                  Exhibit 4.1 the Mondel?z International, Inc.'s Current Report on
                  Form 8-K filed with the SEC on October 28, 2016).

--------------------------------------------------------------------------------

4.2                 Fourth Supplemental Indenture, dated as of September 9, 2021,
                  by and among Mondelez International Holdings Netherlands B.V., as
                  issuer, Mondel?z International, Inc., as guarantor, and Deutsche
                  Bank Trust Company Americas, as trustee, paying agent, transfer
                  agent and registrar.

4.3                 Specimen of 0.250% Notes due 2029 (included in Exhibit 4.2
                  hereto).

4.4                 Specimen of 0.625% Notes due 2032 (included in Exhibit 4.2
                  hereto).

4.5                 Specimen of 1.250% Notes due 2041 (included in Exhibit 4.2
                  hereto).

104               The cover page from Mondel?z International, Inc.'s Current Report
                  on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

--------------------------------------------------------------------------------

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