Heinz Gets $14.1 Billion Financing for Berkshire, 3G Buy
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H.J. Heinz Co. obtained $14.1 billion in financing from JPMorgan Chase & Co. and Wells Fargo & Co. to support the ketchup maker’s $23 billion buyout by Warren Buffett’s Berkshire Hathaway Inc. and 3G Capital.
The debt will consist of $8.5 billion in term B portions and $2 billion of B slices split between euros and pounds, a $1.5 billion revolving line of credit and $2.1 billion in bridge facilities, Heinz said today in a regulatory filing.