date:Mar 13, 2013
under its new ownership structure due to the combination of mid-single digit organic revenue growth and cost reductions.
Fitch also believes Heinz is capable of generating average annual FCF of more than $200 million over the two years following the buyout, despite a substantial increase in interest expense and $720 million of annual preferred dividends.
Annual operating cash flow and FCF averaged $1.2 billion and over $425 million, respectively over the past 10 years. Heinz's low business r