Kraft Heinz (NASDAQ: KHC) plans €1B euro senior notes offering
Rhea-AI Filing Summary
The Kraft Heinz Company reported that its wholly owned subsidiary Kraft Heinz Foods Company entered into an underwriting agreement for a major euro-denominated debt offering. The Issuer plans to sell €500,000,000 of 3.500% senior notes due 2031 and €500,000,000 of 3.950% senior notes due 2034 to a syndicate of underwriters on a firm commitment basis. The notes are expected to be issued on or around May 21, 2026, with The Kraft Heinz Company acting as guarantor. This transaction increases the group’s long-term, fixed-rate euro funding.
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Insights
Kraft Heinz arranges €1B in new euro notes, extending fixed-rate funding.
The filing shows Kraft Heinz Foods Company agreeing to sell €1,000,000,000 of euro-denominated senior notes, split between 2031 and 2034 maturities, at fixed coupons of 3.500% and 3.950%. The Kraft Heinz Company guarantees these obligations.
This deal adds sizable, long-dated euro funding, which can help match European cash flows and lock in current interest rates. However, it also increases overall gross debt, and the filing does not detail how proceeds will be used or how covenants compare with existing notes.
Underwriters have committed to purchase the notes, and issuance is expected on or around May 21, 2026, subject to customary closing conditions. Investors will need future disclosures for information on use of proceeds, any redemption terms, and how this issuance interacts with Kraft Heinz’s broader liability management strategy.
8-K Event Classification
Key Figures
Key Terms
underwriting agreement financial
aggregate principal amount financial
senior notes financial
firm commitment basis financial
guarantor financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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| Item 8.01. | Other Events. |
On May 7, 2026, Kraft Heinz Foods Company (the “Issuer”), a 100% owned operating subsidiary of The Kraft Heinz Company (the “Guarantor”), entered into an underwriting agreement (the “Underwriting Agreement”) in connection with the offering of €500,000,000 aggregate principal amount of 3.500% senior notes due 2031 (the “2031 Notes”) and €500,000,000 aggregate principal amount of 3.950% senior notes due 2034 (the “2034 Notes” and, together with the 2031 Notes, the “Notes”) with Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC and Merrill Lynch International, as representatives of the several underwriters named therein (collectively, the “Underwriters”). Pursuant to the Underwriting Agreement, the Underwriters agreed to purchase the Notes on a firm commitment basis. The Notes are expected to be issued on or around May 21, 2026, subject to customary closing conditions.
The description of the Underwriting Agreement in this Current Report is a summary and is qualified in its entirety by reference to the Underwriting Agreement. The Underwriting Agreement is filed herewith as Exhibit 1.1 and is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
Exhibit |
Description | |
| 1.1 | Underwriting Agreement, dated May 7, 2026, among Kraft Heinz Foods Company, The Kraft Heinz Company, Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, Goldman Sachs & Co. LLC, Merrill Lynch International, and the several underwriters named therein. | |
| 104 | The cover page of The Kraft Heinz Company’s Current Report on Form 8-K dated May 7, 2026, formatted in inline XBRL. | |
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: May 12, 2026 |
By: | /s/ Andre Maciel | ||||
| Andre Maciel | ||||||
| Executive Vice President & Global Chief Financial Officer | ||||||