debt
confidence high
sentiment neutral
materiality 0.55
B&G Foods prices $250M add-on of 8% senior secured notes due 2028, upsized from $100M
B&G Foods, Inc.
- Priced $250M aggregate principal amount of 8.000% senior secured notes due 2028 at 100.5% plus accrued interest.
- Offering upsized from originally announced $100M; expected to close July 12, 2024.
- Proposed amended tranche B term loans reduced from $600M to $450M in connection with the upsizing.
- Net proceeds of ~$247.3M to repay revolving credit loans and tranche B term loans under credit agreement.