KHC · 10-Q · 2026Q3 · Full report
Debt Position
Kraft Heinz Co · 2026-11-04 · Importance 59 · Surprise 40 · From source text
Kraft Heinz reported total debt with a carrying value of $18.0 billion and fair value of $16.4 billion at September 26, 2026, down from carrying and fair values of $21.2 billion and $20.4 billion, respectively, at December 27, 2025. In May 2026, KHFC purchased $1.4 billion aggregate principal amount of its 2046 Notes in a tender offer, while accepting none of the 2049 Notes; the offer had a stated maximum combined purchase price of $1.1 billion. KHFC issued euro-denominated 3.500% senior notes due 2031 and 3.950% senior notes due 2034 to fund the tender offer, and Kraft Heinz repaid $1.9 billion of notes that matured in June and partially redeemed $1.0 billion of 3.875% notes due 2027 in July. The company also extended its $4.0 billion senior unsecured revolving credit facility’s maturity to July 8, 2031 and reported compliance with all financial covenants at September 26, 2026.
Key facts
- Kraft Heinz Co’s $4.0 billion senior unsecured revolving credit facility maturity was extended from July 8, 2030 to July 8, 2031 by a July 8, 2026 amendment. source
- In May 2026, Kraft Heinz Foods Company commenced a cash tender offer to purchase up to $1.1 billion of its 4.375% 2046 Notes and 4.875% 2049 Notes. source
- Kraft Heinz Foods Company settled its tender offer on May 26, 2026, purchasing $1.4 billion aggregate principal amount of 2046 Notes; $1.4 billion of 2046 Notes remained outstanding, and no 2049 Notes were accepted for purchase. source
- Kraft Heinz Co partially redeemed $1.0 billion aggregate principal amount of its 3.875% Senior Notes due May 2027 in July 2026 at a $1.0 billion redemption price. source
- Kraft Heinz Co’s long-term debt decrease was primarily related to repayment of $1.9 billion of senior notes due June 2026, purchase of approximately $1.4 billion aggregate principal amount of 2046 Notes tendered in May 2026, partial redemption of $1.0 billion aggregate principal amount of 3.875% Senior Notes due May 2027, and foreign-exchange-rate changes, partly offset by issuance of the 2026 Notes. source
- In the second quarter of 2026, Kraft Heinz Co’s wholly owned operating subsidiary KHFC issued €500 million of 3.500% senior notes due May 2031 and €500 million of 3.950% senior notes due May 2034. source
- Kraft Heinz Co partially redeemed $1 billion aggregate principal amount of 3.875% Senior Notes due May 2027 in July 2026, leaving approximately $350 million of senior notes maturing in May 2027. source
- Kraft Heinz Co used available-for-sale securities to repay the $1.9 billion of senior notes that matured in June 2026, purchased approximately $1.4 billion of 2046 Notes tendered in the Tender Offer, issued the 2026 Notes, and partially redeemed $1 billion of 3.875% Senior Notes due May 2027 during the nine months ended September 26, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +4.4% | Kraft Heinz Co’s long-term debt, including the current portion, was $18.0 billion at September 26, 2026, compared with $21.2 billion at… |
| liability | positive | realized | +3.1% | Kraft Heinz had long-term debt of $17.085 billion at September 26, 2026, compared with $19.311 billion at December 27, 2025. |