Kraft Heinz Announces Pricing of Secondary Offering of Common Stock
November 18 2021 - 05:00PM
Business Wire
The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the
“Company”) today announced the pricing of the previously announced
underwritten registered public offering (the “Offering”) by certain
affiliates of 3G Global Food Holdings LP of 30,596,465 shares of
Kraft Heinz common stock (the “Common Stock”) pursuant to Kraft
Heinz’s shelf registration statement filed with the Securities and
Exchange Commission (the “SEC”). Gross proceeds from the Offering
of Common Stock are approximately $1.1 billion. The Company will
not receive any proceeds from the Offering.
BofA Securities is acting as the sole underwriter for the
Offering and proposes to offer the Common Stock from time to time
for sale in one or more transactions on the Nasdaq Global Select
Market, in the over-the-counter market, through negotiated
transactions or otherwise at prevailing market prices, at prices
related to prevailing market prices or at negotiated prices. Copies
of the final prospectus supplement and accompanying prospectus
relating to these securities may also be obtained by sending a
request to BofA Securities, NC1-004-03-43, 200 North College
Street, 3rd Floor, Charlotte, North Carolina 28255-0001, attention:
Prospectus Department, email: dg.prospectus_requests@bofa.com.
The Offering is expected to close on November 22, 2021, subject
to customary closing conditions.
The Offering is being made pursuant to an automatic shelf
registration statement on Form S-3 (File No. 333-250081-01), filed
with the SEC on November 13, 2020. The securities described above
have not been qualified under any state blue-sky laws. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of
these securities in any state or other jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or other jurisdiction. Any offer or sale will be made only by
means of a written prospectus forming part of the effective
registration statement.
About The Kraft Heinz Company
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious.
Consumers are at the center of everything we do. With 2020 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we’re dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
Forward-Looking Statements
This press release contains a number of forward-looking
statements. Words such as “anticipate,” “reflect,” “invest,” “see,”
“make,” “expect,” “give,” “deliver,” “drive,” “believe,” “improve,”
“assess,” “reassess,” “remain,” “evaluate,” “grow,” “will,” “plan,”
“intend,” and variations of such words and similar future or
conditional expressions are intended to identify forward-looking
statements. These forward-looking statements are subject to a
number of risks and uncertainties, many of which are difficult to
predict and beyond Kraft Heinz’s control, which could cause actual
results to differ materially from those indicated in the
forward-looking statements. Those factors include, but are not
limited to, the risk factors set forth in Kraft Heinz’s filings
with the Securities and Exchange Commission, including Kraft
Heinz’s most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K. Kraft Heinz disclaims and
does not undertake any obligation to update, revise, or withdraw
any forward-looking statement in this press release, except as
required by applicable law or regulation.
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version on businesswire.com: https://www.businesswire.com/news/home/20211118006345/en/
Alex Abraham (media) Alex.Abraham@kraftheinz.com
Christopher Jakubik, CFA (investors) ir@kraftheinz.com
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