Mondelēz International Enters New 364-Day Revolving Credit Agreement

Details

entered into a new 364-Day Revolving Credit Agreement for a $1.5 billion senior unsecured revolving credit facility, replacing an existing $1.5 billion 364-day senior unsecured revolving credit agreement dated February 19, 2025. The new agreement, with JPMorgan Chase Bank, N.A. as the administrative agent, will terminate on February 17, 2027, and includes provisions for potential increases and extensions. The agreement requires Mondelēz to maintain a minimum shareholders' equity of $25.0 billion and includes customary representations, covenants, and events of default.

Items reported

About Mondelez International, Inc.

Mondelez International, Inc. is a leading global snacking company specializing in confectionery, food, and beverages. The company produces an impressive array of iconic brands such as Oreo cookies, Cadbury chocolates, Toblerone, and Trident gum. Operating in over 150 countries, Mondelez focuses on providing a wide variety of snacks that appeal to different taste preferences around the world. With a strong commitment to sustainability, Mondelez aims to source ingredients responsibly and ensure environmental protection. The company plays a significant role in the consumer staples sector, heavily influencing global snack market trends through continuous product innovation and marketing strategies. Headquartered in Chicago, Illinois, Mondelez International is a key player in the processed food industry, balancing tradition with modern consumer demands.