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The Blackstone Group-backed Pinnacle Foods Group has completed its $1.3 billion acquisition of Birds Eye Foods from Vestar Capital Partners. The deal was partly financed through an $850 million senior secured facility and $300 million of senior unsecured bonds arranged by Barclays Capital, BofA Merrill Lynch, Credit Suisse, HSBC and Macquarie Capital. Birds Eye, a manufacturer of canned and frozen vegetables, reported $936 million in sales and an EBITDA of $150 million for its fiscal year 2009.
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