Form 8-K Pinnacle Foods Inc. For: Nov 24

Go back to Form 8-K Pinnacle Foods Inc. For: Nov 24

Moody's Places Pinnacle Foods Finance on Watch for Downgrade (PF) (BDBD)

November 24, 2015 5:14 PM EST

Moody's Investors Service ("Moody's") has placed the Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating and debt instrument ratings of Pinnacle Foods Finance, LLC ("Pinnacle") under review for downgrade following today's announcement that its parent company, Pinnacle Foods, Inc. (NYSE: PF), has entered into a definitive agreement to acquire Boulder Brands, Inc. ("Boulder", B2). The SGL-2 Speculative Grade Liquidity rating is unaffected, subject to Moody's further review of transaction details.

Pinnacle plans to launch a cash tender offer for Boulder Brands shares that values the company at $975 million, including $265... More