Gibson Dunn Advises Kraft Heinz on $1B USD and €600M Euro Senior Notes Offering.
Kraft Heinz Foods Company, along with its guarantor, The Kraft Heinz Company, has successfully issued $1 billion USD in senior notes and €600 million Euro in Euro-denominated notes.
Gibson Dunn played a key role in advising Kraft Heinz on this landmark offering, aimed at securing the company’s financial position.
The proceeds from the offering will be allocated to general corporate purposes, which may include repayment of outstanding debt.
This strategic financial move is part of Kraft Heinz’s efforts to enhance its capital structure and improve liquidity while reducing its existing obligations.
Leading Financial Institutions Involved
The USD-denominated offering was managed by major financial institutions, including:
- Citigroup Global Markets Inc.
- Deutsche Bank Securities Inc.
- J.P. Morgan Securities LLC
- Wells Fargo Securities LLC
The Euro-denominated offering was supported by:
- Citigroup Global Markets Limited
- Deutsche Bank AG, London Branch
- Goldman Sachs & Co. LLC
- J.P. Morgan Securities plc
Gibson Dunn’s Role in the Deal
The Gibson Dunn team, led by partners Andrew Fabens and Robert Giannattasio, provided expert legal guidance throughout the transaction. The team also included associates Nneka Chukwumah and Kevin Mills, ensuring comprehensive support for the deal.
Additionally, partner Pamela Lawrence Endreny and associate Galya Savir advised on the tax aspects, while partner Michael Collins provided counsel on benefits-related matters.
Gibson Dunn’s Expertise in Complex Financial Transactions
The Gibson Dunn team’s experience in corporate tax law, along with its expertise in handling sophisticated financial offerings, was crucial in structuring this deal. Their deep understanding of investment fund work and legal frameworks made them an ideal partner for this large-scale transaction.
This $1B USD and €600M Euro notes offering represents a significant milestone for Kraft Heinz as it continues to strengthen its financial position.
With the guidance of Gibson Dunn and the backing of leading financial institutions, Kraft Heinz is well-equipped for future growth while managing its corporate obligations effectively.
The Kraft Heinz Company is one of the world’s largest food and beverage companies, with iconic brands in over 40 countries. Known for its commitment to quality, innovation, and sustainability, Kraft Heinz generated $26 billion in net sales in 2022. As part of its dedication to sustainability and social responsibility, the company partners with organizations like Rise Against Hunger and Heifer International to combat food insecurity and support community health. Since 2016, Kraft Heinz has donated nearly 750 million meals worldwide. The company focuses on long-term value creation, community partnerships, and reducing food insecurity globally.
Gibson, Dunn & Crutcher LLP is a prominent global law firm headquartered in Los Angeles, California. With a reputation for providing exceptional legal services to clients across various industries, the firm was founded in 1890 and operates more than 20 offices worldwide. Gibson Dunn offers expertise in areas such as corporate law, litigation, real estate, and regulatory matters. Known for its commitment to excellence, the firm represents multinational corporations, governments, and individuals, delivering innovative solutions to complex legal challenges. The firm is recognised for its strong focus on client relationships and its deep industry knowledge.
