Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Kraft Heinz to Buyback $2.8bn in Debt

Kraft Heinz to Buyback $2.8bn in Debt

Kraft Heinz announced a bond buyback (Term of the day, explained below) of bonds worth $2.8bn, launching a tender offer to repurchase 10 outstanding bonds. The buyback is part of its efforts to reduce its debt load post its $3bn sale of Planters to Hormel. This is...
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