debt
confidence high
sentiment neutral
materiality 0.60
B&G Foods announces $475M senior notes offering to refinance $509M 5.25% notes due 2027
B&G Foods, Inc.
- Offering of $475.0 million aggregate principal amount of senior notes due 2031.
- Proceeds, with cash on hand and revolver borrowings, to redeem $509.3M of 5.25% senior notes due 2027.
- Notes will be guaranteed on a senior unsecured basis by certain domestic subsidiaries.
- Offering is exempt from registration under the Securities Act; no public sale.