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.

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