debt
confidence high
sentiment neutral
materiality 0.70
B&G Foods prices $475M 11% senior notes due 2031 at 97.67% to redeem $509.3M 5.25% notes
B&G Foods, Inc.
- Issued $475M aggregate principal 11.00% senior notes due 2031 at 97.67% of par; net proceeds ~$456.3M.
- Proceeds plus borrowings under revolving credit facility and cash will redeem all $509.3M of outstanding 5.25% senior notes due 2027.
- Notes are unsecured but guaranteed by certain domestic subsidiaries; expected close June 10, 2026.
- Offering exempt from registration under Rule 144A and Regulation S; not registered with SEC.