Mondelēz International, Inc. (Nasdaq: MDLZ) announced the execution of two new revolving credit agreements, replacing prior credit facilities.

The company entered into a 364-day senior unsecured revolving credit facility of $1.5 billion, replacing a similar facility dated February 21, 2024. The new facility, effective February 19, 2025, has an option to extend the maturity to February 18, 2027, and can be increased by up to $500 million with lender approval. The funds will support general corporate purposes, including working capital and the company's commercial paper program.

Additionally, Mondelēz signed a five-year senior unsecured revolving credit facility of $4.5 billion, replacing the previous facility dated February 23, 2022. The new agreement runs through February 19, 2030, with an option for two one-year extensions and an additional $1 billion increase subject to lender consent.

Both agreements require Mondelēz to maintain a minimum shareholders’ equity of $25 billion and include customary representations, covenants, and default provisions. JPMorgan Chase Bank, N.A. serves as the administrative agent for both facilities.