Kraft Heinz Foods intends to conduct sale of floaters in three parts

By Devika Patel

Knoxville, Tenn., Aug. 7 – Kraft Heinz Foods Co. plans to offer floating-rate notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be non-callable.

Barclays, J.P. Morgan Securities LLC, BofA Merrill Lynch, Goldman Sachs & Co., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC are the joint bookrunners.

Proceeds will be used to repay debt under the company's term loan facility, to refinance some commercial paper borrowings and for other general corporate purposes.

Kraft Heinz is a Pittsburgh-based food company.

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