Mondelez International (MDLZ) subsidiary, Mondelez International Holdings Netherlands, priced an offer of $3.75 billion in aggregate principal notes, with the expected close date of Oct. 28, the company said in a filing with the U.S. Securities and Exchange Commission.
The maker of Oreo’s said the aggregate principal amounts for floating rate notes due in 2019 were priced at $500 million, the 1.625% notes due in 2019 were priced at $1.75 billion and the 2% notes due in 2021 were priced at $1.5 billion.
The company said it intends to use the proceeds for general company purposes including the intention of funding the company’s tender offer for outstanding debt and to fund near-term debt maturities. Mondelez said the notes were guaranteed in the filing.
Shares for the company have gone unchanged from its last price of $42.13.
By Fred Canto