Company: KHC
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001193125-25-032053
Chunk: 12

Company: Kraft Heinz Co
Filing Date: 2025-02-21
Form: 424B2
Chunk 12
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 thereunder
to be due and payable, including accrued and unpaid interest. In addition, holders of our secured indebtedness could elect to institute foreclosure proceedings against our assets, and we could be forced into bankruptcy or liquidation.

S-5

The Notes will be structurally subordinated to the liabilities of our subsidiaries, and the Guarantee will be structurally subordinated to the liabilities of the Guarantor’s subsidiaries.

None of our subsidiaries will guarantee
the Notes and, therefore, the Notes are obligations exclusively of the Issuer and the Guarantee is the obligation exclusively of the Guarantor and not of any of their respective subsidiaries. A significant portion of our operations is conducted
through our subsidiaries. Our subsidiaries are separate legal entities that have no obligation to pay any amounts due under the Notes or the Guarantee, or to make any funds available therefor, whether by dividends, loans or other payments. Except to
the extent the Guarantor or the Issuer is a creditor with recognized claims against our subsidiaries, all claims of creditors (including trade creditors) and holders of preferred stock, if any, of our subsidiaries will have priority with respect to
the assets of such subsidiaries over those of the Guarantor or the Issuer, as applicable (and therefore the claims of the Guarantor’s or the Issuer’s creditors, as applicable, including holders of the Notes). Consequently, the Notes will
be structurally subordinated to all liabilities of our current and future subsidiaries and the Guarantee will be structurally subordinated to all the liabilities of the Guarantor’s current and future subsidiaries.

Negative covenants in the Indenture will have a limited effect.

The Indenture governing the Notes contains only limited negative covenants that apply to us and our subsidiaries. These covenants do not limit
the amount of additional debt that we may incur and do not require us to maintain any financial ratios or specific levels of net worth, revenues, income, cash flows or liquidity. Accordingly, the Indenture will not protect holders of the Notes in
the event we experience significant adverse changes in our financial condition or results of operations. See “Description of the Notes—Restrictive Covenants—Limitation on Liens” and “Description of the Notes—Restrictive
Covenants—Sale and Leaseback Transactions.” In light of the limited negative covenants applicable to the Notes, our subsidiaries may incur substantial debt, and the holders of the Notes will be structurally subordinated to that debt.

Your right to receive payments on the Notes