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Heinz to repay existing term loans with new senior note proceeds
By Tali Rackner
Norfolk, Va., Jan. 26 – H.J. Heinz Co. plans to repay a portion of its existing term loans with the proceeds from a new second-lien senior secured note issue, according to a press release.
Proceeds will also be used to pay transaction fees and expenses.
Heinz is a Pittsburgh-based food product company.
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