Kraft Heinz Taps as Much as $4 Billion of Credit Line [Yahoo! Finance News]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Yahoo! Finance News
) -- Kraft Heinz Co. is planning to draw down as much as $4 billion from its revolving credit facility, a month after the food giant’s credit rating was cut to junk, according to people familiar with the matter. The move comes as companies from planemaker Boeing Co. to casino operator Wynn Resorts Ltd. tap into their backup credit lines and other loans to bolster cash positions amid the worst credit-market turmoil since the 2008 financial crisis. Firms are stockpiling cash as the coronavirus pandemic shuts down broad swaths of the economy. “The demand for our brands, our cash flow and our balance sheet remain strong,” a Kraft Heinz spokesman said in response to an inquiry without commenting directly on its credit line. “As a matter of practice, we typically maintain a conservative liquidity posture, which is even that much more important as we focus on making sure all our products remain available to the public during these challenging times.” A spokesperson for JPMorgan Chase & Co.,
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KHC
News
- Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance Canada]Yahoo! Finance Canada
- Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance]Yahoo! Finance
- Significant Shifts in Prem Watsa's Portfolio Highlighted by Vanguard S&P 500 ETF Sale [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz removes Lunchables from National School Lunch Program [FOX Business Network]FOX Business Network
- Lunchables get early dismissal: Kraft Heinz pulls the iconic snack from school lunches [USA TODAY]USA TODAY
KHC
Earnings
- 10/30/24 - Beat
KHC
Sec Filings
- 11/7/24 - Form 4
- 11/5/24 - Form 144
- 11/1/24 - Form 3
- KHC's page on the SEC website