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Kraft Heinz upsizes tender offer to $2.5B

The Kraft Heinz Co. on Sept. 11 upsized its previously announced cash tender offer to increase the maximum combined purchase price of its outstanding notes to $2.5 billion from $1 billion.

The offer involves Kraft Heinz's outstanding 3.500% senior notes due June 2022, 3.500% senior notes due July 2022, 4.000% senior notes due 2023, and 4.875% second lien senior secured notes due 2025.

The rest of the terms of the offer remain unchanged.

The cash tender offer is expected to expire at 11:59 p.m. ET on Oct. 8, unless extended or earlier terminated.