Kraft Heinz starts tender offer for up to $1 billion from four series

Chicago, Feb. 22 – Kraft Heinz Co. announced that 100% owned subsidiary Kraft Heinz Foods Co. has started an offer to purchase up to $1 billion of notes, excluding accrued interest, from four series, according to a press release on Monday.

Kraft Heinz Foods is offering to purchase the following notes, listed in order of acceptance priority and with the total consideration per $1,000 principal amount:

• $1,608,705,000 outstanding 3.95% senior notes due July 2025 (Cusips: 50077LAK2, 423074AX1 and U42314AD3) for $1,115;

• $2 billion outstanding 3% senior notes due June 2026 (Cusips: 50077LAD8, 50077LAC0 and U5009LAB6) for $1,082.50;

• $447,302,000 outstanding 4% senior notes due June 2023 (Cusip: 50077LAS5) for $1,078.75; and

• $631,263,000 outstanding 3.5% senior notes due June 2022 (Cusips: 50076QAZ9, 50076QAF3 and U5009CAC4) for $1,041.25.

All of the considerations listed above include a $30.00 early tender premium for noteholders who tender their notes by the early deadline of 5 p.m. ET on March 5, also the withdrawal date.

Interest will also be paid to the applicable settlement date.

Early settlement is scheduled for March 9.

The tender offer expires at 11:59 p.m. ET on March 19.

Final settlement is expected to occur on March 23.

Tenders may be subject to proration.

Barclays (800 438-3242, 212 528-7581), Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., Mizuho Securities USA Inc., and Morgan Stanley & Co. LLC will act as dealer managers.

Global Bondholder Services Corp. is the tender agent and information agent (866 794-2200, 212 430-3774, https://www.gbsc-usa.com/kraftheinzcompany/).

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

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