Company: KHC
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-032085
Chunk: 20

Company: Kraft Heinz Co
Filing Date: 2025-02-21
Form: 424B2
Chunk 20
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 accept the Notes for listing. Even if the Notes are approved for listing by Nasdaq, an active trading market on Nasdaq for the Notes may never develop or, if it develops, may not last,
in which case the trading price of the Notes could be adversely affected and your ability to transfer your Notes will be limited. If an active trading market does develop on Nasdaq, the Notes may trade at prices lower than the offering price.

Certain of the underwriters have advised us that they intend to make a market in the Notes, as permitted by applicable laws and regulations,
pending any listing of the Notes on Nasdaq. However, the underwriters are not obligated to make a market in the Notes, and, if commenced, they may discontinue their market-making activities at any time without notice.

Even if an active trading market for the Notes does develop, there is no guarantee that it will continue. The market, if any, for the Notes
may experience disruptions, which may adversely affect the liquidity in that market

S-8

or the prices at which you may sell your Notes. In addition, subsequent to their initial issuance, the Notes may trade at a discount from their initial offering price, depending upon prevailing
interest rates, the market for similar notes, our performance and other factors.

Changes in credit ratings issued by nationally recognized statistical rating organizations could adversely affect our cost of financing and the market price of our securities, including the Notes.

Credit rating agencies rate our debt securities based on factors that include our operating results, actions that we take, their view of the
general outlook for our industry and their view of the general outlook for the economy. Actions taken by the rating agencies can include maintaining, upgrading or downgrading the current rating or placing us on a watch list for possible future
downgrading. Downgrading the credit rating assigned to us or to our debt securities or placing us on a watch list for possible future downgrading would likely increase our cost of financing, limit our access to the capital markets and have an
adverse effect on the market price of our securities, including the Notes and on the interest rate and/or tenor at which we can obtain funding.

In addition, we have accessed, and intend to continue to access, the commercial paper market for regular funding requirements. A downgrade in
our credit ratings would increase our borrowing costs and could affect our ability to issue commercial paper. Disruptions in the commercial paper market or other effects of volatile economic conditions on the credit markets also could reduce the
amount of commercial paper that we