B&G Foods amends credit facility, raises leverage cap to 7.50x; repurchases $20.7M of 2027 notes

B&G Foods, Inc.

Revolving credit commitments cut from $475M to $430M; $235M outstanding as of June 28, 2025.
Max consolidated leverage ratio temporarily raised to 7.50x through Q3 2026, then steps down to 7.00x by Q1 2027.
Cash available for dividends/restricted payments capped if leverage exceeds 7.25x after payment.
Repurchased $20.7M principal of 5.25% notes due 2027 at avg 89.98% of par; $529.3M remain outstanding.
CFO cites difficult consumer environment, working capital needs, and tariff uncertainty as rationale.

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