debt
confidence medium
sentiment neutral
materiality 0.50
B&G Foods proposes amendment, extension, and upsizing of term loan B facility
B&G Foods, Inc.
- Plans to amend, extend maturity, and upsize existing tranche B term facility under senior secured credit facility.
- Proceeds to refinance existing tranche B term loans and repay a portion of revolving loans.
- Also plans to decrease revolver capacity and extend revolving facility maturity.
- Completion subject to definitive agreements, customary closing conditions, and market conditions; no assurance.
- Slide presentation to lenders on June 20, 2024.