The Kraft Heinz Co. on Sept. 10 announced the final results of its tender offer to purchase up to $900 million in aggregate principal amount of any and all of its 5.375% senior notes due 2020.
As of the Sept. 9 expiration date, about $495 million aggregate principal amount of the notes had been validly tendered and not withdrawn. In addition, roughly $1.3 million in aggregate principal amount of notes remained subject to guaranteed delivery procedures described in the original offer.
Holders of the validly tendered notes will receive $1,012.92 for each $1,000 principal amount of notes tendered and accepted for payment, plus accrued and unpaid interest from the Aug. 10 interest payment date up to but not including the settlement date, which is Sept. 10.
BofA Merrill Lynch, Citigroup, Goldman Sachs & Co. LLC and J.P. Morgan are acting as dealer managers in the tender offer, while Global Bondholders Services Corp. is the tender agent and information agent.
