date:Mar 22, 2013
lion - $8 billion preferred (9% dividend) and $4.12 billion common equity. 3G will invest US$4.12bn in common equity.
Meanwhile Heinz is also selling $2.1 billion in second-lien notes to refinance a second-lien bridge loan.
Investors said the B1/BB- rated bond issue, which prices on Friday, has been a blowout, with massive demand that has allowed Heinz to shave more than a full percentage point off of pricing expectations, to official guidance of 4.5% area from initial price thoughts of 5.75%.