B&G Foods refinances credit facility, adds $250M senior secured notes due 2028

B&G Foods, Inc.

Issued $250M additional 8.000% senior secured notes at 100.5%; total outstanding ~$799.3M.
Replaced $507.3M term loans with $450M new term loans, extended maturity to Oct 2029.
Prepaid $175M revolver loans; capacity cut to $475M; maturity extended to Dec 2028.
New term loans at SOFR+3.50% or base+2.50%; revolver at SOFR+1.50%-2.00%.
Net debt reduction of ~$57.3M from term loan repricing; $30M revolver remains outstanding.

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