Press release
Mondelēz International Announces the Launch by its Subsidiary Mondelez International Holdings Netherlands B.V. of an Offering of Approximately EUR 300 Million of Bonds Exchangeable into Existing Ordinary Shares of JDE Peet’s N.V.
NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH DISTRIBUTION
About this update from Mondelez International, Inc.
[{"type":"text","content":"NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. CHICAGO, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) (“Mondelēz International” or the “Guarantor”) announces today that its fully-owned subsidiary Mondelez International Holdings Netherlands B.V. (the “Issuer”) has launched an offering (the “Offering”) of approximately EUR 300 million of senior unsecured bonds (the “Bonds”), fully and unconditionally guaranteed (the “Guarantee” and together with the Bonds, the “Securities”) by the Guarantor, exchangeable into existing ordinary shares in the capital of JDE Peet’s N.V. (Euronext Amsterdam: JDEP) a public limited liability company (naamloze vennootschap) incorporated under the law of the Netherlands, registered with the Dutch trade register under number 73160377 (“JDE Peet’s” or the “Company”). The Bonds will have a maturity of three years (except in case of an early redemption), will not bear interest and will be offered at an issue price between 102.0% and 103.5% of their principal amount, corresponding to an annual yield-to-maturity comprised between -1.14% and -0.66%. The Bonds will be redeemed at their principal amount at maturity, subject to the Issuer’s option to alternatively satisfy such obligation by delivering the exchange property and, as the case may be, an additional amount in cash. The issue price and the initial exchange price of the Bonds will be set at pricing. The initial exchange price of the Bonds is expected to be set at a premium of between 30.0% and 35.0% to the reference price, being the volume-weighted average price of the JDE Peet’s share on Euronext Amsterdam between the opening of trading on the launch date and the pricing of the Bonds on the same day. The Issuer will have the option to redeem all, but not only some, of the Bonds, at any time on or after September 20, 2023 at their principal amount, provided that the value of the exchange property per Bond attributable to EUR 200,000 in principal amount of Bonds shall have exceeded EUR 260,000 on each of not less than 20 trading days in any period of 30 consecutive trading days. Upon exchange, the issuer will settle its obligation by delivering the pro rata share of exchange ...