Share Name Share Symbol Market Type
Mondelez International Inc NASDAQ:MDLZ NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -0.5% 50.13 50.12 50.13 51.14 49.83 50.36 3,020,252 17:50:50

Mondelez Strikes Deal Permitting $1.75 Billion in Borrowing

26/03/2020 9:23pm

Dow Jones News


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   By Micah Maidenberg 
 

Mondelez International Inc. said Thursday it struck a deal with a group of lenders that would allow the company to borrow up to $1.75 billion from them.

Companies have been working to support their cash positions in light of the rapid spread of the coronavirus in countries around the world, and the effect the pandemic has had on economic activity.

Mondelez, the maker of Oreo cookies and other snacks, said in a filing Thursday it has the right under the new loan agreement to ask lenders to increase the size of the credit facility.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

March 26, 2020 17:08 ET (21:08 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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