Ketchup giant H.J. Heinz Co. (HNZ), Wednesday announced the offering of $2,100 million of its senior secured notes due in 2020 by Hawk Acquisition Sub Inc., a Berkshire Hathaway and 3G Capital Partners entity.
The company added that the notes were being issued to partially fund the financing of its previously announced merger with Merger Sub into Heinz.
Further, upon consummation of the acquisition, Heinz said it shall assume all obligations of Merger Sub under the notes.
Direct and indirect wholly owned domestic subsidiaries of Heinz shall guarantee the notes, said the company in a statement.
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