The Firm recently represented the underwriters, led by BofA Securities, Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. in connection with the registered offering by Mondelēz International, Inc. of $2 billion of notes, consisting of $500 million of 2.125% notes due 2024, $750 million of 2.625% notes due 2027 and $750 million of 3.000% notes due 2032. The offering closed March 17, 2022.
In addition, the Firm represented BofA Securities, Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc.as dealer managers, in connection with notes tender offers by Mondelēz with respect to up to $1.03 billion of certain tranches of senior notes.
Mondelēz is one of the world’s largest snack companies with global net revenues of $28.7 billion in 2021. 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 Anna Jarman (Capital Markets); Jonathan Cantor and Edward Grais (Tax); Genevieve Dorment and Rachelle Broida (Intellectual Property); and Andrew Pagliughi (FINRA and Blue Sky).