UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 30, 2018
MONDELĒZ INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
1-16483
(Commission File Number)
| Virginia | 52-2284372 | |
| (State or other jurisdiction of incorporation) |
(I.R.S. Employer Identification No.) |
Three Parkway North, Deerfield, Illinois 60015
(Address of principal executive offices, including zip code)
(847) 943-4000
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 8.01. | Other Events. |
On April 30, 2018, Mondelēz International, Inc. issued a press release announcing the results as of the expiration date of our previously announced offer to purchase for cash up to $1,000,000,000 aggregate principal amount of all validly tendered and not validly withdrawn:
| (i) | 6.500% Notes due 2040; |
| (ii) | 6.500% Notes due 2031; |
| (iii) | 6.875% Notes due 2038; |
| (iv) | 6.875% Notes due 2039; |
| (v) | 7.000% Notes due 2037; |
| (vi) | 5.375% Notes due 2020; and |
| (vii) | 6.125% Notes due 2018. |
A copy of the press release is being filed as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
(d) The following exhibit is being filed with this Current Report on Form 8-K.
| Exhibit Number |
Description | |
| 99.1 | Mondelēz International, Inc. Press Release, dated April 30, 2018. | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONDELĒZ INTERNATIONAL, INC. | ||
| By: | /s/ Carol J. Ward | |
| Name: | Carol J. Ward | |
| Title: | Vice President and Corporate Secretary | |
Date: April 30, 2018
Exhibit 99.1
| Contacts: | Michael Mitchell (Media) | Shep Dunlap (Investors) | ||
| +1-847-943-5678 | +1-847-943-5454 | |||
| news@mdlz.com | ir@mdlz.com |
Mondelēz International Announces Expiration and Final Results of Its Cash Tender Offer and Consent Solicitation
DEERFIELD, Ill. – April 30, 2018 – Mondelēz International, Inc. (formerly known as Kraft Foods Inc.) (the “Company” or “Mondelēz International”) announces the expiration and final results, as of 11:59 p.m., New York City time, on April 27, 2018 (the “Expiration Date”) for its previously announced offer to purchase (the “Tender Offer”) for cash up to $1,000,000,000 aggregate principal of the debt securities listed below (the “Notes”) from each holder (individually, a “Holder,” and collectively, the “Holders”) of the applicable Notes. The principal amount of each series of Notes that were validly tendered and not validly withdrawn in the Tender Offer as of 5:00 p.m., New York City time, on April 13, 2018 (the “Early Tender Date”), and as of the Expiration Date is set forth in the table below:
| As of the Early Tender Date | As of the Expiration Date | |||||||||||||||||||||||
| Title of Security |
CUSIP |
Aggregate Principal Amount Outstanding |
Acceptance |
Principal Amount Tendered |
Percent of Amount Outstanding Tendered |
Principal Amount Tendered |
Percent of Amount Outstanding Tendered |
|||||||||||||||||
| 6.500% Notes |
50075N AZ7 / US50075NAZ78 |
$ | 501,541,000 | 1 | $ | 241,001,000 | 48.05 | % | $ | 241,001,000 | 48.05 | % | ||||||||||||
| 6.500% Notes |
50075N AC8 / US50075NAC83 |
$ | 350,409,000 | 2 | $ | 75,829,000 | 21.64 | % | $ | 75,838,000 | 21.64 | % | ||||||||||||
| 6.875% Notes |
50075N AT1 / US50075NAT19 |
$ | 255,387,000 | 3 | $ | 72,070,000 | 28.22 | % | $ | 72,070,000 | 28.22 | % | ||||||||||||
| 6.875% Notes |
50075N AW4 / US50075NAW48 |
$ | 195,193,000 | 4 | $ | 29,262,000 | 14.99 | % | $ | 29,262,000 | 14.99 | % | ||||||||||||
| 7.000% Notes |
50075N AR5 / US50075NAR52 |
$ | 139,631,000 | 5 | $ | 11,684,000 | 8.37 | % | $ | 11,684,000 | 8.37 | % | ||||||||||||
| 5.375% Notes |
50075N BA1 / US50075NBA19 |
$ | 524,402,000 | 6 | $ | 97,592,000 | 18.61 | % | $ | 97,612,000 | 18.61 | % | ||||||||||||
| 6.125% Notes |
50075N AV6 / US50075NAV64 |
$ | 322,602,000 | 7 | $ | 42,578,000 | 13.20 | % | $ | 42,583,000 | 13.20 | % | ||||||||||||
| (1) | Issuer formerly known as Kraft Foods Inc. |
| (2) | Admitted to trading on the Regulated Market of the Luxembourg Stock Exchange. |
The Tender Offer and the Consent Solicitation (as defined below) was made upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated April 2, 2018 (as the same may be amended or supplemented from time to time, the “Offer to Purchase”) and in the related Consent and Letter of Transmittal (as the same may be amended or supplemented from time to time, the “Letter of Transmittal”).
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The Company announces that it has accepted for purchase all $34,000 aggregate principal amount of Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date (in addition to the $570,016,000 aggregate principal amount of Notes validly tendered and not validly withdrawn prior to the Early Tender Date, previously accepted for purchase). Holders of Notes that have been validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date and that have been accepted for purchase by the Company will receive the applicable “Tender Offer Consideration” (which will equal the applicable Total Consideration, as announced on the Company’s press release dated April 16, 2018, minus the early tender premium of $30 per $1,000 principal amount of such Notes accepted for purchase) and will also receive accrued and unpaid interest on their purchased Notes from the last interest payment date for such Notes to, but excluding, the Final Settlement Date (defined below). The settlement for Notes validly tendered and not validly withdrawn after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase pursuant to the Tender Offer will be on May 1, 2018 (the “Final Settlement Date”).
As previously announced, the Company solicited (the “Consent Solicitation”) consents (the “Consents”) from each Holder of the Notes to certain proposed amendments to the indenture (as supplemented to the date hereof) governing each series of Notes and the Notes. The Company has not received the requisite Consents from Holders of more than 50% of the outstanding aggregate principal amount of any of the Notes as of the Expiration Date.
Barclays Capital Inc. and Citigroup Global Markets Inc. are serving as dealer managers (the “Dealer Managers”) for the Tender Offer and as solicitation agents (the “Solicitation Agents”) for the Consent Solicitation. Global Bondholder Services Corporation is acting as information agent (the “Information Agent”) and depositary (the “Depositary”) in connection with the Tender Offer and Consent Solicitation.
Capitalized terms used in this press release but not defined have the meanings given to them in the Offer to Purchase.
This announcement is for informational purposes only. This announcement is not an offer to purchase or a solicitation of an offer to purchase or a solicitation of consents with respect to any Notes. The Tender Offer and Consent Solicitation were made solely pursuant to the Offer to Purchase and related documents. The Tender Offer and the Consent Solicitation are not being made to Holders in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offer and the Consent Solicitation to be made by a licensed broker or dealer, the Tender Offer and the Consent Solicitation will be deemed to be made on behalf of Mondelēz International by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
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The Information Agent for the Tender Offer and Consent Solicitation is:
Global Bondholder Services Corporation
Attention: Corporate Actions
Banks and Brokers Call Collect: (212) 430-3774
All Others Call Toll-Free: (866) 470-3800
The Dealer Managers for the Tender Offer and
the Solicitation Agents for the Consent Solicitation are:
| Barclays Capital Inc. | Citigroup Global Markets Inc. | |
| Attention: Liability Management Group Collect: (212) 528-7581 Toll Free: (800) 438-3242 Email: us.lm@barclays.com |
Attention: Liability Management Group Collect: (212) 723-6106 Toll-Free: (800) 558-3745 Email: ny.liabilitymanagement@citi.com |
About Mondelēz International
Mondelēz International, Inc. (NASDAQ:MDLZ) is building the best snacking company in the world, with 2017 net revenues of approximately $26 billion. Creating more moments of joy in approximately 160 countries, Mondelēz International is a world leader in biscuits, chocolate, gum, candy and powdered beverages, featuring global Power Brands such as Oreo and belVita biscuits; Cadbury Dairy Milk and Milka chocolate; and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow us on Twitter at www.twitter.com/MDLZ.
Forward-Looking Statements
This press release contains a number of forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “intend” and similar expressions are intended to identify the Company’s forward-looking statements, including, but not limited to, statements about the offer to purchase and proposed amendments to the indenture as supplemented by the applicable officers’ certificates governing each series of Notes and the Notes. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause the Company’s actual results to differ materially from those indicated in the Company’s forward-looking statements. Please see the Company’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
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