Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kraft Heinz Co. > News item |
Kraft Heinz Foods plans to price senior notes in three tranches
By Devika Patel
Knoxville, Tenn., June 4 – Kraft Heinz Foods Co. is expected to price a three-part offering of guaranteed senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes have a make-whole call and are then redeemable at par.
The bookrunners are Barclays, BofA Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
The notes are guaranteed by Kraft Heinz Co.
Proceeds will be used to repay $1.5 billion of notes when they mature on July 2, 2018, $1,035,000,000 of notes when they mature on Aug. 23, 2018 and C$200 million of notes when they mature on July 6, 2018, to repay amounts outstanding in connection with the wind-down of the company's U.S. Securitization Program, to refinance a portion of its commercial paper and for other general corporate purposes.
Kraft Heinz is a Chicago-based food company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.