Heinz $28B Buyout To Have Only Dollars, No Euros, In Debt

Law360, New York (March 25, 2013, 10:32 PM EDT) -- H.J. Heinz Co. confirmed Friday that it has axed plans for euro- and sterling-denominated debt to back its $28 billion private equity buyout, and will instead capitalize on ravenous U.S. demand to fill the deal's $12.6 billion debt piece.

3G Capital Partners Ltd.'s and Berkshire Hathaway Inc.'s original financing plan called for $10.5 billion in term loans — $8.5 billion in dollars, $1.4 billion in euros and $600 million in British pounds — along with $2.1 billion in new secured notes.

The new plan, detailed in...
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