Kraft Canada completes private placement

On July 6, 2015, Kraft Canada Inc., a subsidiary of The Kraft Heinz Company, closed its private placement of $1.0 billion aggregate principal amount of senior notes.

The senior notes consisted of $300 million aggregate principal amount of 2.7 per cent Senior Notes due 2020, $200 million aggregate principal amount of Floating Rate Senior Notes due 2018 and $500 million aggregate principal amount of Floating Rate Senior Notes due 2020.

The notes were issued by Kraft Canada and guaranteed by The Kraft Heinz Company and Kraft Heinz Foods Company.

The Canadian private placement was part of a series of financing transactions in other jurisdictions consummated in connection with the US$54-billion merger of H.J. Heinz Company and Kraft Foods Group, Inc.

The Canadian private placement was made in each of the provinces of Canada through a syndicate of underwriters comprised of RBC Dominion Securities Inc., Citigroup Global Markets Canada Inc., Goldman, Sachs & Co., J.P. Morgan Securities Canada Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC.

Davies Ward Phillips & Vineberg LLP acted as Canadian counsel for The Kraft Heinz Company. The Davies team included Cam Rusaw, David Wilson, Mark O’Brien and Zain Rizvi (capital markets) and Raj Juneja (tax).

Kirkland & Ellis LLP acted as US counsel for The Kraft Heinz Company. The Kirkland team included Joshua Korff, Michael Kim, Ming Lim, Marsha Mogilevich and Jennifer Baumgarten (capital markets) and Vincent Thorn (tax).

McCarthy Tétrault LLP acted as Canadian counsel to the underwriters. The McCarthy Tétrault team included Andrew Parker, Shea Small, Michael Eldridge and Omar Soliman (capital markets) and Patrick McCay (tax).

Cravath Swaine & Moore LLP acted as US counsel to the underwriters, with a team comprising Craig Arcella, Daniel Cerqueira and Sean Gholz.