Mondelez International Announces an Increase in the Maximum Amount and the Tender Cap for Each Series of Notes and the Early Tender Results for Its Previously Announced Cash Tender Offer
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The Tender Offer is being made pursuant to an Offer to Purchase, dated
The principal amount of each series of Notes that were validly tendered and not validly withdrawn in the Tender Offer as of the Early Tender Deadline are outlined in the table below.
|
Title of Security |
CUSIP Number |
Acceptance Priority Level |
Aggregate Principal Amount Outstanding |
Aggregate Principal Amount Tendered |
Percent of Amount Outstanding Tendered |
|
6.500% Notes due 2017 |
50075NAS3 |
1 |
|
|
60.55% |
|
6.125% Notes due 2018 |
50075NAU8 |
2 |
|
|
51.79% |
|
6.125% Notes due 2018 |
50075NAV6 |
3 |
|
|
40.64% |
|
5.375% Notes due 2020 |
50075NBA1 |
4 |
|
|
51.43% |
The "Maximum Amount" for the Notes is being increased from
Additionally, the Tender Cap for each series of Notes is being increased as follows: (a) for the Priority 1 Notes, from
Subject to the terms and conditions of the Tender Offer, the company expects that it will accept for purchase all Notes validly tendered and not validly withdrawn prior to the Early Tender Deadline. Pursuant to the terms of the Tender Offer, holders of additional Notes may tender additional Notes at or prior to
The settlement for the Notes accepted by the company in connection with the Early Tender Deadline is currently expected to take place on
The Tender Offer will expire at the Expiration Time. The Tender Offer is not conditioned upon any minimum amount of Notes being tendered, and the Tender Offer may be amended, extended, terminated or withdrawn in whole or with respect to one or more series of Notes. The amounts of each series of Notes that are purchased on any settlement date will be determined in accordance with the acceptance priority levels and proration procedures described in the Offer to Purchase.
Prior to the Initial Settlement Date, the company intends to offer and sell new debt securities. The net proceeds of the offering will be used to finance the purchase of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer, and to pay all fees and expenses in connection with the Tender Offer. The company's obligation to accept for purchase, and to pay for, any Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Tender Offer is conditioned upon the satisfaction or waiver of (i) the condition that the company receive funds in the notes offering sufficient to purchase all Notes validly tendered (and not validly withdrawn) and accepted for purchase by the company and to pay all fees and expenses in connection with the Tender Offer and (ii) the other conditions described in the Offer to Purchase under the heading "Terms of the Tender Offer—Conditions to the Tender Offer".
This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Tender Offer is being made solely pursuant to terms and conditions set forth in the Offer to Purchase and the Letter of Transmittal.
BofA Merrill Lynch, Credit Suisse Securities (
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Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words, such as "will," "intend," "expect" and similar expressions are intended to identify our forward-looking statements, including, but not limited to, statements about the terms and conditions of, and completion of, the tender offer or the concurrent notes offering. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Please also see our risk factors, as they may be amended from time to time, set forth in our filings with the
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