01—Abstract
Summary
Summary of the 8-K filed September 27, 2024. Cited figures are marked; the original filing is the authoritative source.
The Kraft Heinz Company (KHC) and its wholly owned subsidiary Kraft Heinz Foods Company (Parent Borrower) entered into a Third Amendment, dated September 27, 2024, to the Credit Agreement dated July 8, 2022, among the Company, Parent Borrower, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
The amendment extends the maturity date of the $4.0 billiona revolving credit facility under the Credit Agreement from July 8, 2028 to July 8, 2029. The filing is limited to this material definitive agreement. It reports no other financial results, guidance, or operating developments.
The full text of the amendment is filed as Exhibit 10.1 and incorporated by reference, and the filing includes an inline XBRL cover page as Exhibit 104. For investors, the key takeaway is a one-year extension of the company's $4.0 billionb revolving credit facility maturity, pushing the expiration out to July 2029. The filing does not state any change to the facility size, pricing, or other terms beyond the maturity date.
02—Key points
Key Highlights
- Third Amendment to the Credit Agreement dated July 8, 2022, entered into on September 27, 2024
- Maturity of the $4.0 billion revolving credit facility extended from July 8, 2028 to July 8, 2029
- Parties include The Kraft Heinz Company, its 100% owned subsidiary Kraft Heinz Foods Company (Parent Borrower), the lenders party thereto, and JPMorgan Chase Bank, N.A. as administrative agent
- Full amendment text filed as Exhibit 10.1 and incorporated by reference
- Filing includes inline XBRL cover page as Exhibit 104
- The filing does not describe changes to facility size or other terms beyond the maturity date
03—Questions
Frequently Asked Questions
What did Kraft Heinz change in its credit facility?
The Third Amendment extends the maturity date of the $4.0 billion revolving credit facility from July 8, 2028 to July 8, 2029.
Who are the parties to the amended Credit Agreement?
The parties are The Kraft Heinz Company, Kraft Heinz Foods Company (Parent Borrower), the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent.
When was the amendment entered into?
The Company and Parent Borrower entered into the Third Amendment on September 27, 2024.
Where can investors find the full terms of the amendment?
The full text is attached as Exhibit 10.1 to the Form 8-K and incorporated into the filing by reference.
04—Continue