trending Market Intelligence /marketintelligence/en/news-insights/trending/ZQ5mpqlmzEvvqVME-g4pIw2 content esgSubNav
In This List

Kraft Heinz launches tender offer for $1B outstanding notes

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Kraft Heinz launches tender offer for $1B outstanding notes

The Kraft Heinz Co. on Sept. 11 launched an offer to purchase for cash up to $1 billion of its 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 food company is offering a premium of $30 per $1,000 principal amount of the notes if they are tendered and accepted for purchase before 5 p.m. ET on Sept. 24. The offer is expected to expire at 11:59 p.m. ET on Oct. 8, unless extended or terminated.

Kraft Heinz also said it intends to issue a notice of conditional partial redemption providing for the redemption of $500 million aggregate principal amount of its remaining outstanding 2.800% senior notes due 2020 valued at 100%, on top of applicable redemption premium and accrued and unpaid interest, if any, to, but not including, the Oct. 11 expected redemption date.