Kraft Heinz gives tender results, will buy all notes tendered

Chicago, June 11 – Kraft Heinz Co. announced the results from the tender offer from 100% owned subsidiary Kraft Heinz Foods Co. for up to $2.8 billion from 10 series of notes, according to a press release on Friday.

The tender offer expired at 5 p.m. ET on July 11, also the withdrawal deadline.

The company received tenders for the following amounts of notes with the amounts the company will accept, listed with purchase prices based on $1,000-par notes, in acceptance priority order:

• All of the $333,901,000 tendered, with $325,000 reflected in notices of guaranteed delivery, of the $1,993,000,000 outstanding 5% senior notes due June 2042 (Cusips: 50076QAE6, 50076QAC0) for a purchase price of $1,187.50;

• All of the $186,365,000 tendered, with $221,000 reflected in notices of guaranteed delivery, of the $992 million outstanding of 5% senior notes due July 2035 (Cusip: 50077LAL0) for $1,201.25;

• All of the $344,063,000 tendered, with $5,806,000 reflected in notices of guaranteed delivery, of the $1,095,800,000 outstanding of 4 5/8% senior notes due January 2029 (Cusip: 50077LAT3) for $1,147.50;

• All of the $100,944,000 tendered, with $52,000 reflected in notices of guaranteed delivery, of the $500 million outstanding of 4 5/8% senior notes due October 2039 (Cusips: 50077LAX4, 50077LAW6) for $1,137.50;

• All of the $254,113,000 tendered, with $4,495,000 reflected in notices of guaranteed delivery, of the $997.5 million outstanding of 3¾% senior notes due April 2030 (Cusips: 50077LAV8, 50077LAU0) for $1,087.50;

• All of the $39,241,000 tendered, with $720,000 reflected in notices of guaranteed delivery, of the $772,783,000 outstanding of 6 ½% senior notes due February 2040 (Cusips: 50076QAN6, 50076QAL0) for $1,362.50;

• All of the $17,505,000 tendered, with $495,000 reflected in notices of guaranteed delivery, of the $235,325,000 outstanding of 6 3/8% senior debentures due July 2028 (Cusip: 423074AF0) for $1,250;

• All of the $65,627,000 tendered, with $350,000 reflected in notices of guaranteed delivery, of the $436,577,000 outstanding of 6 ¾% senior debentures due March 2032 (Cusip: 42307TAG3) for $1,351.25;

• All of the $29,150,000 tendered, with $0 reflected in notices of guaranteed delivery, of the $868,230,000 outstanding of 6 7/8% senior notes due January 2039 (Cusips: 50076QAR7, 50076QAP1, 50076QAQ9) for $1,392.50; and

• All of the $51,160,468 tendered, with $74,000 reflected in notices of guaranteed delivery, of the $927 million of 7 1/8% senior notes due August 2039 (Cusip: 42307TAH1) for $1,430.

Overall, $1,422,069,468 principal amount of notes were tendered and accepted for an aggregate purchase price of $1,701,819,036.15, inclusive of applicable premium and accrued interest.

Settlement will be June 14.

Settlement for notes delivered via guaranteed delivery procedures will be June 16.

Kraft Heinz engaged BofA Securities (980 388-3646 or debt_advisory@bofa.com), J.P. Morgan (866 834-4666 or 212 834-4087) and Wells Fargo Securities (866 309-6316 or 704 410-4759) to act as lead dealer managers.

BNP Paribas, Credit Agricole CIB, Credit Suisse, Deutsche Bank Securities, MUFG and SMBC Nikko are acting as co-dealer managers.

Global Bondholder Services Corp. is the tender agent and information agent for the offers (866 470-3800, 212 430-3774, https://www.gbsc-usa.com/kraftheinzcompany).

The food and beverage company has headquarters in Pittsburgh and Chicago.

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