B&G Foods Announces Proposed Offering of $500M of Senior Secured Notes
Portfolio Pulse from Benzinga Newsdesk
B&G Foods, Inc. (NYSE:BGS) plans to offer $500 million of senior secured notes due 2028, subject to market conditions. The notes will be guaranteed by certain domestic subsidiaries of B&G Foods and secured by a first-priority security interest in certain collateral. The proceeds will be used to redeem a portion of B&G Foods' 5.25% senior notes due 2025 and pay related fees and expenses.

September 12, 2023 | 12:43 pm
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B&G Foods' proposed offering of $500M of senior secured notes may impact its financial structure and liquidity.
The proposed offering of $500M of senior secured notes by B&G Foods could potentially impact its financial structure and liquidity. The proceeds from the offering will be used to redeem a portion of B&G Foods' 5.25% senior notes due 2025, which could potentially reduce its debt burden and improve its financial health. However, the final impact will depend on the success of the offering and market conditions.
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