10.05.2016 20:46:00
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Kraft Heinz Foods Company -- Moody's Assigns Baa3 ratings to Kraft Heinz USD 5 billion notes
New York, May 10, 2016 -- Moody's Investors Service ("Moody's") has assigned Baa3 ratings to a total USD 5 billion of senior unsecured notes being offered today by Kraft Heinz Foods Company ("Kraft Heinz") in separate 10-year and 30-year tranches. The net proceeds from the offerings will be used primarily to call a portion of the company's $8 billion 9% preferred stock, callable June 6, 2016. The rating outlook is stable.