Mondelez 2013 Annual Report Download - page 136

outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Standard &
Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no outstanding rated
long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for Mondelēz), in each
case on such date:
provided that if on any date of determination (x) a rating is available on such date from only one of Standard & Poor’s and Moody’s but not the
other, the Applicable Facility Fee Rate shall be determined by reference to the then available rating; (y) no rating is available from either of
Standard & Poor’s or Moody’
s, the Applicable Facility Fee Rate shall be determined by reference to the rating of any other nationally recognized
statistical rating organization designated by Mondelēz and approved in writing by the Required Lenders and (z) no rating is available from any
of Standard & Poor’s, Moody’s or any other nationally recognized statistical rating organization designated by Mondelēz and approved in
writing by the Required Lenders, the Applicable Facility Fee Rate shall be 0.200%.
“ Applicable Interest Rate Margin ” means (a) as to any Base Rate Advance, the applicable rate per annum set forth below under the
caption “Base Rate Spread” and (b) as to any LIBO Rate Advance, the applicable rate per annum set forth below under the caption “LIBO Rate
Spread”, determined by reference to the higher of (i) the rating of Mondelēz’s long-term senior unsecured Debt from Standard & Poor’s (or, if
there shall be no outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by
Standard & Poor’s for Mondelēz) and (ii) the rating of Mondelēz’s long-term senior unsecured Debt from Moody’s (or, if there shall be no
outstanding rated long-term senior unsecured Debt of Mondelēz, the long-term company, issuer or similar rating established by Moody’s for
Mondelēz), in each case on such date:
-
2
-
Rating
Applicable
Facility
Fee Rate
A or higher by Standard & Poor’s
A2 or higher by Moody
’
s
0.070
%
A- by Standard & Poor’s
A3 by Moody
’
s
0.085
%
BBB+ by Standard & Poor’s
Baa1 by Moody
’
s
0.100
%
BBB by Standard & Poor’s
Baa2 by Moody
’
s
0.125
%
Lower than BBB by Standard & Poor’s
Lower than Baa2 by Moody
’
s
0.200
%
Rating
Base Rate
Spread
LIBO Rate
Spread
A or higher by Standard & Poor’s
A2 or higher by Moody
’
s
0.000
%
0.805
%
A- by Standard & Poor’s
A3 by Moody
’
s
0.000
%
0.915
%
BBB+ by Standard & Poor’s
Baa1 by Moody
’
s
0.025
%
1.025
%
BBB by Standard & Poor’s
Baa2 by Moody
’
s
0.125
%
1.125
%
Lower than BBB by Standard & Poor’s
Lower than Baa2 by Moody
’
s
0.300
%
1.300
%