Mondelez to redeem four series of notes March 31 at make-whole price

By Taylor Fox

New York, March 1 – Mondelez International, Inc. plans to fully redeem its €500 million of outstanding 1% notes due 2022 (Cusip: 609207AD7), its €700 million of outstanding 1.625% notes due 2023 (Cusip: 609207AJ4) and its $500 million outstanding 2.125% notes due 2023 (Cusip: 609207AS4), according to a news release.

Mondelez will also redeem the remaining $492,460,000 outstanding of its $1.75 billion 4% notes due 2024 (Cusip: 609207AB1).

The notes will be redeemed March 31 at the applicable redemption price plus accrued interest to but excluding the redemption date.

The redemption price for the 1% notes will be the greater of par and the sum of the present values of the remaining scheduled payments discounted to the redemption date on an annual basis at Treasuries plus 15 basis points.

The 1.625% notes will be redeemed at the greater of par or the sum of the present values of the remaining scheduled payments discounted to the redemption date on an annual basis at Treasuries plus 25 bps.

The 2.125% notes will be redeemed at the greater of par and the sum of the present values of each remaining scheduled payment of principal and interest that would have been payable if the 2.125% notes matured on March 13, 2023 discounted to the redemption date on a semiannual basis at Treasuries plus 30 bps.

The redemption price for the 4% notes will be the greater of par or the sum of the present values of each remaining scheduled payment of principal and interest discounted to the redemption date on a semiannual basis at Treasuries plus 17.5 bps.

Deutsche Bank Trust Co. Americas is the trustee.

Mondelez is a snack company based in Deerfield, Ill.

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