Fitch Withdraws Big Heart Pet Brands' Ratings

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has withdrawn the ratings for Big Heart Pet Brands (BHPB) in anticipation of the repayment of BHPB's $2.6 billion debt in conjunction with the company's acquisition by The J.M. Smucker Company (Smucker). Fitch expects the deal to close as anticipated by the end of March 2015, subject to customary closing conditions. Based on preliminary information indicating Smucker's pro forma leverage (total debt to EBITDA) around 4.0x post the acquisition, and the com

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