Press release
Kraft Heinz Announces Early Tender Results of Cash Tender Offer for Up To $2.2 Billion Aggregate Purchase Price of Certain of its Outstanding Notes and the Early Settlement of the Notes Tendered by the Early Tender Time
PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) today announced the early tender results of the previously
About this update from The Kraft Heinz Company
[{"type":"text","content":"\n \n\n PITTSBURGH & CHICAGO--(BUSINESS WIRE)--\nThe Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) today announced the early tender results of the previously announced offer by its 100% owned operating subsidiary Kraft Heinz Foods Company (the “Issuer”) to purchase for cash (the “Tender Offer”) any validly tendered (and not subsequently validly withdrawn) notes up to a combined aggregate purchase price (excluding accrued and unpaid interest) of $2.2 billion (the “Maximum Tender Amount”) of its outstanding Floating Rate Senior Notes due February 2021 (the “February 2021 Notes”), 3.500% Senior Notes due June 2022 (the “June 2022 Notes”), 3.500% Senior Notes due July 2022 (the “July 2022 Notes”), Floating Rate Senior Notes due August 2022 (the “August 2022 Notes”), 4.000% Senior Notes due June 2023 (the “June 2023 Notes”), 3.950% Senior Notes due July 2025 (the “July 2025 Notes”) and 3.000% Senior Notes due June 2026 (the “June 2026 Notes,” and together with the February 2021 Notes, the June 2022 Notes, the July 2022 Notes, the August 2022 Notes, the June 2023 Notes and the July 2025 Notes, the “Notes” and each, a “Series” of Notes). Kraft Heinz also announced that, with respect to the Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on May 15, 2020 (the “Early Tender Time”), the Issuer will elect to make payment for such Notes on May 19, 2020 (the “Early Settlement Date”).\n\n\nThe Tender Offer is being made on the terms and subject to the conditions set forth in the offer to purchase dated May 4, 2020, as amended by a supplement dated May 4, 2020 (together, the “Offer to Purchase”). Terms not defined in this announcement have the meanings given to them in the Offer to Purchase.\n\n\nConsummation of the Tender Offer and payment for the tendered Notes is subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase, including the completion by the Issuer of a private offering (the “Offering”) of debt securities that results in net proceeds of at least $2,500,000,000, which Offering commenced and priced on May 4, 2020, on terms and conditions reasonably satisfactory to the Issuer, as well as other customary conditions.\n\n\nThe withdrawal deadline of 5:00 p.m., New York City time, on May 15, 2020 (the “Withdrawal Date”) has passed and, accordingly, No...