Loan & DebtMay 7, 2026, 08:33 AM
Kraft Heinz launches $1.1B cash tender offer for senior notes
AI Summary
Kraft Heinz Foods Company, a wholly-owned subsidiary of The Kraft Heinz Company, has commenced a cash tender offer to purchase up to $1.1 billion of its outstanding 4.375% Senior Notes due June 2046 and 4.875% Senior Notes due October 2049. The tender offer is subject to certain conditions, including the receipt of proceeds from a new senior unsecured notes offering, which the Issuer may waive. Holders who tender their notes by the Early Tender Time of May 20, 2026, will be eligible for an Early Tender Premium.
Key Highlights
- Kraft Heinz subsidiary commenced a cash tender offer for up to $1.1 billion of senior notes.
- Offer targets 4.375% Senior Notes due June 2046 and 4.875% Senior Notes due October 2049.
- Tender offer expires on June 5, 2026, at 5:00 p.m. New York City time.
- Early Tender Time is May 20, 2026, for eligibility for an Early Tender Premium of $30 per $1,000 principal.
- The offer is conditional on the receipt of proceeds from a new senior unsecured notes offering.
- Notes due 2046 have Acceptance Priority Level 1; notes due 2049 have Level 2.
Price Impact
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