TEXT-SP rates HJ Heinz notes 'BBB+' F
Post# of 684
Posted On: 02/28/2012 10:43:08 PM
TEXT-S&P rates HJ Heinz notes 'BBB+'
Feb 28 - Standard & Poor's Ratings Services today assigned its 'BBB+' senior unsecured debt rating to Pittsburgh, Pa.-based H.J. Heinz Co.'s $300 million of 1.50% notes due 2017 and $300 million of 2.85% notes due 2022. The notes will be issued under the company's Form S-3 shelf registration for debt securities. Heinz has indicated that net proceeds from this debt issuance will be used for general corporate purposes, including repayment of commercial paper. Heinz had about $5.0 billion o
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