Mondelēz International Announces Pricing for its Cash Tender Offer and Consent Solicitation
| Title of Security |
CUSIP | Aggregate Principal Amount Outstanding |
Acceptance Priority Level |
Reference U.S. Treasury Security |
Bloomberg Reference Page |
Fixed Spread (basis points) |
Early Tender Premium (1) |
Total Consideration (1)(2) |
|||
| 6.500% Notes due 2040(3) |
50075N AZ7 / US50075NAZ78 |
$501,541,000 | 1 | 2.750% U.S. Treasury due November 15, 2047 |
FIT1 | 135 | $30 | $1,292.48 | |||
| 6.500% Notes due 2031(3)(4) |
50075N AC8 / US50075NAC83 |
$350,409,000 | 2 | 2.750% U.S. Treasury due February 15, 2028 |
FIT1 | 115 | $30 | $1,259.74 | |||
| 6.875% Notes due 2038(3) |
50075N AT1 / US50075NAT19 |
$255,387,000 | 3 | 2.750% U.S. Treasury due November 15, 2047 |
FIT1 | 130 | $30 | $1,332.67 | |||
| 6.875% Notes due 2039(3) |
50075N AW4 / US50075NAW48 |
$195,193,000 | 4 | 2.750% U.S. Treasury due November 15, 2047 |
FIT1 | 130 | $30 | $1,342.96 | |||
| 7.000% Notes due 2037(3) |
50075N AR5 / US50075NAR52 |
$139,631,000 | 5 | 2.750% U.S. Treasury due November 15, 2047 |
FIT1 | 125 | $30 | $1,351.77 | |||
| 5.375% Notes due 2020(3) |
50075N BA1 / US50075NBA19 |
$524,402,000 | 6 | 2.250% U.S. Treasury due March 31, 2020 |
FIT1 | 25 | $30 | $1,048.16 | |||
| 6.125% Notes due 2018(3) |
50075N AV6 / US50075NAV64 |
$322,602,000 | 7 | 1.000% U.S. Treasury due August 15, 2018 |
FIT3 | 20 | $30 | $1,014.09 | |||
| (1) Per $1,000 principal amount of Notes. (2) Total Consideration (as defined in the Offer to Purchase) calculated on the basis of pricing for the Reference U.S. Treasury Security as of 11:00 a.m., New York City time, on April 16, 2018 and an Initial Settlement Date (as defined in the Offer to Purchase) on April 17, 2018. See Schedule A to the Offer to Purchase for the formula used to determine the Total Consideration, Tender Offer Consideration and Accrued Interest. (3) Issuer formerly known as Kraft Foods Inc. (4) Admitted to trading on the Regulated Market of the Luxembourg Stock Exchange. |
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The Company announced that it has accepted for purchase all
The settlement for Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase pursuant to the Tender Offer will be on April 17, 2018 (the “Initial Settlement Date”). Assuming the Tender Offer and the Consent Solicitation are not extended and the conditions to the Tender Offer and Consent Solicitation are satisfied or waived, the Company expects that settlement for any Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase to be on May 1, 2018.
Copies of the Offer to Purchase and Letter of Transmittal are available from the Depositary and Information Agent as set out below. Capitalized terms used in this press release but not defined have the meanings given to them in the Offer to Purchase.
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase or a solicitation of consents with respect to any Notes. The Tender Offer and Consent Solicitation are being made solely pursuant to the Offer to Purchase and related documents. The Tender Offer and the Consent Solicitation are not being made to Holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer and the Consent Solicitation to be made by a licensed broker or dealer, the Tender Offer and the Consent Solicitation will be deemed to be made on behalf of Mondelēz International by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
The Information Agent for the Tender Offer and Consent Solicitation is:
Attention: Corporate Actions
Banks and Brokers Call Collect: (212) 430-3774
All Others Call Toll-Free: (866) 470-3800
The Dealer Managers for the Tender Offer and
the Solicitation Agents for the Consent Solicitation are:
| Barclays Capital Inc. | Citigroup Global Markets Inc. |
| Attention: Liability Management Group Collect: (212) 528-7581 Toll Free: (800) 438-3242 Email: us.lm@barclays.com |
Attention: Liability Management Group Collect: (212) 723-6106 Toll-Free: (800) 558-3745 Email: ny.liabilitymanagement@citi.com |
About Mondelēz International
Mondelēz
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 the Company’s forward-looking statements, including, but not limited to, statements about the offer to purchase. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause the Company’s actual results to differ materially from those indicated in the Company’s forward-looking statements. Please see the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the
| Contacts: | Michael Mitchell (Media) | Shep Dunlap (Investors) |
| +1-847-943-5678 | +1-847-943-5454 | |
| news@mdlz.com | ir@mdlz.com |
Source: Mondelez International, Inc.