Simpson Thacher Represents Underwriters in $1.5 Billion Notes Offering by Mondelēz International
05.04.20
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Simpson Thacher recently represented the underwriters, led by Barclays Capital Inc., BofA Securities, Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC, in connection with Mondelēz International, Inc.’s (“Mondelēz”) registered offering of $1.5 billion aggregate principal amount of Senior Notes, consisting of $750 million of 1.5% Senior Notes due 2025 and $750 million of 2.75% Senior Notes due 2030. The Senior Notes due 2030 constitute a further issuance, of which $500 million aggregate principal amount was issued on April 13, 2020. The offering closed May 4, 2020.
Mondelēz is one of the world’s largest snack companies with global net revenues of $25.9 billion in 2019. The company’s portfolio includes iconic snack brands such as Cadbury, Milka and Toblerone chocolate; Oreo, belVita and LU biscuits; Halls candy; Trident gum and Tang powdered beverages.
The Simpson Thacher team included Roxane Reardon and Stephanie Rowan (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); Lori Lesser and Genevieve Dorment (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).