The Firm recently represented the underwriters, led by Barclays Capital Inc., BofA Securities, Inc. and Credit Suisse Securities (USA) LLC in connection with the registered offering by Mondelēz International, Inc. of $1.25 billion of notes, consisting of $625 million of 1.875% Notes due 2032 and $625 million of 2.625% Notes due 2050. The offering closed October 15, 2020.
In addition, the Firm represented Barclays, BofA, Credit Suisse, Mizuho Securities USA LLC, BBVA Securities Inc., Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Santander Investment Securities Inc., SMBC Nikko Securities America, Inc., Truist Securities, Inc., U.S. Bancorp Investments, Inc., Academy Securities, Inc. and Loop Capital Markets LLC as dealer managers, in connection with notes tender offers by Mondelēz with respect to up to $1 billion of certain tranches of Senior Notes.
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, Ashley Yoon and Aseda Ghartey-Tagoe (Capital Markets); Jonathan Cantor and Nicole Humphrey (Tax); Lori Lesser and Genevieve Dorment (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).