CHICAGO--(BUSINESS WIRE)--Fitch Ratings has assigned a 'BB' rating to H.J. Heinz Company's (Heinz) proposed $2 billion second lien secured notes due in 2025. Heinz plans to use the net proceeds to repay a pro rata portion of the $2.8 billion Term B-1 Loan and $5.6 billion Term B-2 Loan for a leverage neutral transaction that improves the company's debt maturity profile. The notes will be senior secured second lien obligations and rank pari passu with Heinz's $3.1 billion 4.25% notes due Oct. 15
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