Simpson Thacher Represents Underwriters in $1 Billion Notes Offering by Mondelēz International
09.04.20
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Simpson Thacher recently represented the underwriters, led by BNP Paribas Securities Corp., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc., in connection with Mondelēz International, Inc.’s (“Mondelēz”) registered offering of $1 billion aggregate principal amount of Senior Notes, constituting of $500 million aggregate principal amount of 1.5% notes due 2031 and $500 million aggregate principal amount of 2.625% notes due 2050. The offering closed September 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, Katherine Draper and Catherine Ciriello (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); Lori Lesser and Genevieve Dorment (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).