NORTHFIELD, Ill., Dec. 7, 2012 /PRNewswire/ -- Kraft Foods Group,
Inc. (NASDAQ: KRFT) commenced today at 5
p.m. Eastern time its offer to exchange certain of its
outstanding unregistered notes for new registered notes in
accordance with the terms of its registration rights agreements
with existing holders of those notes.
(Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO)
Under the Exchange Offer, Kraft is offering to exchange (the
"Exchange Offer") up to $9,600,000,000 aggregate principal amount of its
(i) new $1,000,000,000 1.625% Notes
due 2015, (ii) new $1,000,000,000
2.250% Notes due 2017, (iii) new $1,034,657,000 6.125% Notes due 2018, (iv) new
$900,000,000 5.375% Notes due 2020,
(v) new $2,000,000,000 3.500% Notes
due 2022, (vi) new $877,860,000
6.875% Notes due 2039, (vii) new $787,483,000 6.500% Notes due 2040, and (viii)
new $2,000,000,000 5.000% Notes due
2042 (collectively, the "Exchange Notes") for a like principal
amount of its (i) outstanding $1,000,000,000 1.625% Notes due 2015, (ii)
outstanding $1,000,000,000 2.250%
Notes due 2017, (iii) outstanding $1,034,657,000 6.125% Notes due 2018, (iv)
outstanding $900,000,000 5.375% Notes
due 2020, (v) outstanding $2,000,000,000 3.500% Notes due 2022, (vi)
outstanding $877,860,000 6.875% Notes
due 2039, (vii) outstanding $787,483,000 6.500% Notes due 2040, and (viii)
outstanding $2,000,000,000 5.000%
Notes due 2042.
The Exchange Offer will expire at 5 p.m.
Eastern time on January 8,
2013, unless extended (such date and time, as they may be
extended, the "Expiration Date"). The settlement date for the
Exchange Offer will occur promptly following the Expiration
Date. The Exchange Offer is made only pursuant to Kraft's
prospectus dated December 7, 2012,
which has been filed with the Securities and Exchange
Commission. Kraft has not authorized any person to provide
information other than as set forth in the prospectus.
ADDITIONAL INFORMATION
Copies of the prospectus and transmittal materials governing the
Exchange Offer can be obtained from the exchange agent, Deutsche
Bank Trust Company Americas, by faxing a request to (615) 866-3889,
by writing via regular or certified mail, or overnight courier, to
Deutsche Bank Trust Company Americas, 5022 Gate Parkway, Suite 200,
Jacksonville, Florida 32256.
This release is for informational purposes only and is neither
an offer to exchange, nor a solicitation of an offer to sell, the
Exchange Notes. The Exchange Offer is made solely pursuant to
the prospectus dated December 7,
2012, including any supplements thereto. The Exchange
Offer is not being made to holders in any jurisdiction in which the
making or acceptance thereof would not be in compliance with the
securities, blue sky or other laws of such jurisdiction.
ABOUT KRAFT FOODS GROUP
Kraft Foods Group, Inc. (NASDAQ: KRFT) is North America's fourth largest consumer
packaged food and beverage company, with revenues of approximately
$19 billion in 2011. Newly
public and independent as of Oct. 1,
2012, the new Kraft has the spirit of a startup and soul of
a powerhouse. The company has an unrivaled portfolio of
products in the beverages, cheese, refrigerated meals and grocery
categories. Its iconic brands include Kraft,
Maxwell House, Oscar
Mayer, Planters and JELL-O. Kraft's
25,000 employees in the U.S. and Canada have a passion for making the foods and
beverages people love. Kraft is a member of the Standard
& Poor's 500 index. For more information, visit
www.kraftfoodsgroup.com and www.facebook.com/kraft.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements including
regarding the timing of the Exchange Offers. The word "will"
and similar expressions are intended to identify the
forward-looking statements. These forward-looking statements
involve risks and uncertainties, many of which are beyond Kraft's
control, and important factors could cause Kraft's actual results
to differ materially from those in the forward-looking
statements. For additional information on factors that could
affect the forward-looking statements, see Kraft's risk factors, as
they may be amended from time to time, set forth in Kraft's filings
with the SEC, including its Registration Statement on Form
10. Kraft disclaims and does not undertake any obligation to
update or revise any forward-looking statement in this press
release except as required by applicable law or regulation.
OFFERING RESTRICTIONS
This release does not constitute an invitation to participate in
the Exchange Offers in any jurisdiction in which, or to any person
to or from which, it is unlawful to make such invitation or for
there to be such participation under applicable securities
laws. The distribution of this release in certain
jurisdictions may be restricted by law. Persons into whose
possession this release or the prospectus come are required to
inform themselves about, and to observe, any such restrictions.
SOURCE Kraft Foods Group