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MONDELEZ INTERNATIONAL, INC.

(MDLZ)
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MONDELEZ INTERNATIONAL, INC. : Termination of a Material Definitive Agreement, 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)

09/24/2021 | 05:20pm EST

Item 1.02. Termination of a Material Definitive Agreement

On September 23, 2021, Mondelez International Holdings Netherlands B.V. ("MIHNBV"), a wholly-owned Dutch subsidiary of Mondel?z International, Inc. (the "Company"), upon full prepayment of the $1 billion in principal amount outstanding, terminated its $1,000,000,000 Term Loan Agreement, dated as of September 13, 2019, among MIHNBV, as borrower, the Company, as guarantor, the lenders named therein and MUFG Bank, Ltd., as administrative agent, subject to survival of any provisions which by their terms survive termination.

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

On September 24, 2021, MIHNBV issued $500 million aggregate principal amount of its 0.750% Notes due 2024 (the "2024 Notes") and $350 million aggregate principal amount of its 1.250% Notes due 2026 (the "2026 Notes," and collectively with the 2024 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 "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 fifth supplemental indenture, dated as of September 24, 2021 (the "Supplemental 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 each series of the Notes semi-annually in arrears on March 24 and September 24 of each year, beginning on March 24, 2022. The 2024 Notes will mature on September 24, 2024. The 2026 Notes will mature on September 24, 2026.

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.

MIHNBV may redeem the 2024 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount plus a "make-whole" premium, as well as accrued and unpaid interest to, but not including, the date of redemption. Prior to August 24, 2026, MIHNBV may redeem the 2026 Notes in whole or in part, at its option, at a redemption price equal to 100% of their principal amount plus a "make-whole" premium, as well as accrued and unpaid interest to, but not including, the date of redemption. On or after August 24, 2026, MIHNBV may redeem the 2026 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                 Fifth Supplemental Indenture, dated as of September 24, 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.

4.3                 Specimen of 0.750% Notes due 2024 (included in Exhibit 4.2
                  hereto).

4.4                 Specimen of 1.250% Notes due 2026 (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).




                                       2

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© Edgar Online, source Glimpses

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