Company: KHC
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-032053
Chunk: 11

Company: Kraft Heinz Co
Filing Date: 2025-02-21
Form: 424B2
Chunk 11
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 in these
“Risk Factors,” or incorporated by reference herein, many of which are beyond our control.

As of December 28, 2024, before
giving effect to this offering and the Euro Notes Offering, we had approximately $19,723 million aggregate principal amount of total indebtedness outstanding, and we would have had an additional $4,000 million of available borrowing
capacity under the Revolving Credit Facility. See “Capitalization.”

We cannot assure you that we will be able to generate a
level of cash flow from our operations sufficient to permit us to pay the principal, premium, if any, and interest on our indebtedness, including the Notes, or that future borrowings will be available to us in an amount sufficient to enable us to
service and repay the Notes and our other indebtedness and to fund our other liquidity needs. If our cash flow and capital resources are insufficient to fund these obligations, we may be forced to reduce or delay investments, strategic acquisitions
and capital expenditures or to sell assets, seek additional capital or restructure or refinance our indebtedness, including the Notes, all of which may or may not be accomplished on commercially reasonable terms and will depend on our cash needs,
our financial condition at such time, the then prevailing market conditions and the terms of our then existing debt instruments, including the Indenture, which may restrict us from adopting some of these alternatives. Moreover, the instruments
governing our indebtedness may restrict our ability to sell assets and our use of the proceeds from such sales. Finally, any refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants, which
could further restrict our business operations, and we cannot assure you that any assets that we could be required to dispose of could be sold or that, if sold, the timing of the sales and the amount of proceeds realized from those sales would be on
acceptable terms.

Any failure to make payments of interest and principal on our outstanding indebtedness on a timely basis would likely
result in a reduction of our credit rating, which could also harm our ability to incur additional indebtedness. Moreover, if our cash flow and capital resources are insufficient to allow us to comply with the various covenants in the instruments
governing our indebtedness, then that could result in a default under the terms of the agreements governing such indebtedness. In the event of such default, the holders of such indebtedness could elect to declare all of the funds borrowed