H.J. Heinz (HNZ) has sold $3.1B of junk-rated bonds to help pay for its LBO by Berkshire...

|By:, SA News Editor

H.J. Heinz (HNZ) has sold $3.1B of junk-rated bonds to help pay for its LBO by Berkshire Hathaway (BRK.A) and 3G Capital. The amount was well above the $2.1B initially planned and yielded record-low interest rates for speculative-grade debt.