Kraft Heinz (NASDAQ: KHC) to redeem $1B of 3.875% 2027 senior notes
Rhea-AI Filing Summary
The Kraft Heinz Company announced that its subsidiary Kraft Heinz Foods Company has initiated a partial redemption of its 3.875% Senior Notes due 2027. The company instructed the trustee to redeem $1 billion of the $1.35 billion aggregate principal amount currently outstanding.
The notes are scheduled to be redeemed on July 8, 2026 at a price equal to 100% of the principal being redeemed, plus accrued but unpaid interest and any applicable make-whole amount. The specific notes to be redeemed will be selected in accordance with Depository Trust Company procedures.
Positive
- None.
Negative
- None.
Insights
Kraft Heinz is retiring $1 billion of 2027 notes, reducing near-term debt.
Kraft Heinz Foods Company plans to redeem $1 billion of its 3.875% Senior Notes due 2027, out of $1.35 billion outstanding. The redemption will occur on July 8, 2026 at 100% of principal plus accrued interest and a make-whole amount.
Retiring a large portion of these notes can lower future interest expense and extend balance-sheet flexibility, though the filing does not detail funding sources. The make-whole provision may add some cost, but overall this points to an active approach to liability management.
8-K Event Classification
Key Figures
Key Terms
partial redemption financial
aggregate principal amount financial
make-whole amount financial
indenture financial
Regulation FD regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On June 8, 2026, Kraft Heinz Foods Company (the “Company”) has instructed Deutsche Bank Trust Company Americas, as the trustee under the indenture governing the Company’s 3.875% Senior Notes due 2027 (the “Notes”), to distribute to all registered holders of the Notes a notice of partial redemption of $1 billion aggregate principal amount of the $1.35 billion aggregate principal amount currently outstanding of the Notes. The Notes will be redeemed on July 8, 2026 (the “Redemption Date”) at a redemption price equal to the sum of 100% of the aggregate principal amount of the Notes being redeemed, accrued but unpaid interest on the Notes to such Redemption Date, and any make-whole amount (the “Redemption Price”). The Notes to be redeemed will be selected by lot or such other similar method in accordance with the procedures of The Depository Trust Company. Copies of such notice of redemption and additional information relating to the procedure for redemption of the Notes may be obtained from Deutsche Bank Trust Company Americas.
The information furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| The Kraft Heinz Company | ||||||
| Date: June 8, 2026 |
By: | /s/ Andre Maciel | ||||
| Andre Maciel | ||||||
| Executive Vice President & | ||||||
| Global Chief Financial Officer | ||||||