The Kraft Heinz Co. said Sept. 3 that its subsidiary Kraft Heinz Foods Co. has launched an offer to purchase any and all of its 5.375% senior notes due 2020, of which $900 million is currently outstanding.
Kraft Heinz Canada ULC will also redeem all of its 2.7% senior notes due 2020, of which C$300 million is outstanding.
In addition, Kraft Heinz Foods will redeem $800 million of its 2.800% senior notes due 2020, of which $1.50 billion is outstanding.
The tender offer will expire at 5 p.m. ET on Sept. 9 while the notes will be redeemed Oct. 3.
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.
