A couple of articles on the new debt that Heinz is issuing to finance the Berkshire-3GP takeover:http://www.reuters.com/article/2013/03/21/berkshire-heinz-fi...http://www.reuters.com/article/2013/03/22/berkshire-heinz-fi...Apparently the bonds are seeing "massive investor demand" and it looks like the bond yields will be much less than initially anticipated. The second article claims that 3.1 billion of second-lien notes are expected to sell for a yield of 4.25% compared to original expectations of 5.75%. It is not clear to me how the remaining 9 billion or so of bonds will be priced. Anybody know how they might compare to the second-lien notes?
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