date:May 14, 2014
d 102, an investor said.
Hillshire is planning to load US$4.8bn of new debt onto its capital structure with a new term loan B expected to finance the majority of the acquisition.
The company, which believes it will return to investment-grade status within three years, has committed debt financing in place with Goldman Sachs, according to a SEC filing.
But while the takeover will put Hillshire in a stronger market position, giving it key US food brands like Jimmy Dean and Birds Eye, not all ob