Loan & DebtJun 4, 2026, 05:01 PM
B&G Foods Prices $475M Senior Notes Offering Due 2031
AI Summary
B&G Foods announced the pricing of an offering of $475.0 million in 11.00% senior notes due 2031, issued at 97.67% of par. The company expects to receive approximately $456.3 million in net proceeds, which will be used to redeem its outstanding 5.25% senior notes due 2027. The offering, which is exempt from registration under the Securities Act, is expected to close on June 10, 2026, and is guaranteed by certain domestic subsidiaries.
Key Highlights
- B&G Foods priced an offering of $475.0 million in 11.00% senior notes due 2031.
- The senior notes are being issued at a price of 97.67% of their principal amount.
- Net proceeds are estimated at $456.3 million after fees and expenses.
- Proceeds will be used to redeem all outstanding 5.25% senior notes due 2027 ($509.3 million principal amount).
- The offering is expected to close on June 10, 2026.
- Certain domestic subsidiaries will guarantee the senior notes on a senior unsecured basis.
Price Impact
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