debt
confidence high
sentiment neutral
materiality 0.60
B&G Foods redeems all $265.4M of 5.25% senior notes due 2025 at par
B&G Foods, Inc.
- Notice issued to redeem all $265,392,000 remaining of 5.25% senior notes due 2025 at 100% principal plus accrued interest to Oct 9, 2024.
- Redemption funded by revolving loans under existing credit facility and cash on hand.
- Interest on notes ceases after Oct 9, 2024; holders' only remaining right is to receive redemption payment.