23.06.2015 17:17:00
|
H.J. Heinz Company -- Moody's assigns (P) Baa3 to Heinz merger notes and credit facilities
New York, June 23, 2015 -- Moody's Investors Service ("Moody's") has assigned (P)Baa3 provisional ratings to approximately $12 billion of senior unsecured notes and $4.6 billion of senior unsecured credit facilities (collectively, the "New Merger Debt") that are being offered by H.J. Heinz Company (Heinz, Ba3 ratings under review for upgrade). Heinz is issuing the debt in connection with its pending merger with Kraft Foods Group, Inc. ("Kraft", Baa2, ratings under review for downgrade). The merger will create The Kraft Heinz Company ("Kraft-Heinz").