Mondelez Strikes Deal Permitting $1.75 Billion in Borrowing
March 26 2020 - 5:23PM
Dow Jones News
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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