Mondelez International signs a $2B revolving credit agreement
On April 6, 2023, Mondelez International (NASDAQ:MDLZ) has inked an agreement for a $2B senior unsecured revolving credit facility.
The Revolving Credit Agreement will terminate on December 29, 2023 and requires to maintain a minimum shareholdersâ equity of not less than $25B.
All committed pro rata borrowings under the Revolving Credit Agreement will bear interest at a variable annual rate based on SOFR or base rate,, plus an applicable margin.
The applicable margin will be determined by reference to the rating of company's long-term senior unsecured debt.
Proceeds will be used for general corporate purposes, including for working capital purposes, and to support our commercial paper program.
Shares marginally down.
Press release