Kraft Heinz 8-K Filing: Key Financial Insights and Debt Instruments (Feb 2025)
The provided section of the financial report contains the following key information and insights:
- Entity Information:
- The report pertains to Kraft Heinz Company (KHC), identified by SEC CIK number 0001637459.
- Filing Type:
- This is an 8-K form, which typically reports unscheduled material events or corporate changes.
- Filing Date:
- The report is dated February 19, 2025.
- Stock Information:
- Kraft Heinz has a common stock with a par value of $0.01.
- The company is publicly traded on the NASDAQ under the ticker symbol KHC.
- Debt Instruments:
- The company has issued Floating Rate Senior Notes due in 2025 (referred to as KHC25).
- There are also 3.500% Senior Notes due in 2029 (referred to as KHC29).
- Contact Information:
- The corporate headquarters is located at One PPG Place, Pittsburgh, PA 15222.
- Contact number: 412-456-5700.
- XBRL Contexts:
- The document includes various contexts indicating the different classes of stock and debt instruments relevant for the reporting period.
- It specifies contexts for the Floating Rate Senior Notes due 2025, Floating Rate Senior Notes due 2029, and Common Stock.
Insights:
- The issuance of floating rate senior notes suggests Kraft Heinz is taking advantage of current interest rates, potentially to finance operations or refinance existing debt.
- The presence of both floating rate and fixed rate debt (3.500% notes) indicates a diversified approach to managing the company’s capital structure.
- The filing under the 8-K form indicates that Kraft Heinz may have experienced a significant event that necessitated immediate disclosure, which could be critical for investors and stakeholders.
Overall, this report highlights Kraft Heinz’s financial instruments, current market positioning, and corporate structure as of February 2025.