date:Mar 13, 2013
rst-priority debt will be secured by a perfected first-priority security interest in substantially all tangible and intangible property with carve-outs that include Principal Property as defined by indentures governing rollover notes.
Based on Fitch's interpretation this includes the gross book value of certain manufacturing, processing plant or warehouses located in the U.S. Fitch views the value of the collateral as meaningful as it is substantially based on the value of Heinz's trademarks;