Kraft Heinz increases revolving loan commitment by $100 million

By Rebecca Melvin

New York Oct. 13 – Kraft Heinz Co. and Kraft Heinz Foods Co. entered into a commitment increase amendment to its July 5, 2015 credit agreement, raising the incremental revolving commitments by $100 million, or by two additional lenders committing $50 million each, according to an 8-K filing with the Securities and Exchange Commission.

The Toronto-Dominion Bank, New York Branch and U.S. Bank NA are the additional lenders of the agreement for which JPMorgan Chase Bank NA is administrative agent and JPMorgan Europe Ltd. is London agent.

The revolver’s total size including the new commitments is $4.1 billion.

The obligations continue to be guaranteed by Kraft Heinz Food in the case of debt and liabilities of any subsidiary borrower and Kraft Heinz in the case of debt and liabilities of any subsidiary borrower and Kraft Heinz Food.

Chicago-based Kraft Heinz is a food company formed by the merger of Kraft Foods Group and Heinz in 2015.

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