Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC, in connection with Mondelēz International, Inc.’s registered offering of $2.5 billion aggregate principal amount, consisting of $750 million aggregate principal amount of its 3% Notes due 2020, $750 million aggregate principal amount of its 3.625% Notes due 2023, $700 million aggregate principal amount of its 4.125% Notes due 2028 and $300 million aggregate principal amount of its 4.625% Notes due 2048. The offering closed on May 7, 2018.
The Firm also recently represented Barclays Capital Inc. and Citigroup Global Markets Inc., as dealer managers and solicitation agents, in connection with Mondelēz International, Inc.’s tender offer to purchase for cash and related consent solicitation with respect to up to $1 billion aggregate principal amount of certain of its outstanding debt securities, which expired on April 27, 2018.
Mondelēz is one of the world’s largest snack companies with global net revenues of $25.9 billion in 2017. The company’s portfolio includes many iconic snack brands such as Nabisco, Oreo, LU and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk and Toblerone chocolate; Trident gum; Halls candy; and Tang powdered beverages.
The Simpson Thacher team for the notes offering included Roxane Reardon, John O’Connell and Jeff Herscott (Capital Markets); Nancy Mehlman and Nicole Humphrey (Tax); Lori Lesser (IP); and Jennie Getsin (Blue Sky).
The Simpson Thacher team for the tender offer and consent solicitation included John Lobrano, Roxane Reardon and John O’Connell (Capital Markets); and Jonathan Cantor and Pierce Pandolph (Tax).