B&G Foods Prices Upsized $550M Offering Of 8.00% Senior Secured Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
B&G Foods has priced an upsized offering of $550M of 8.00% senior secured notes due 2028 at a price of 99.502%. The offering, which was initially set at $500M, is expected to close on September 26, 2023.
September 13, 2023 | 6:28 am
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POSITIVE IMPACT
B&G Foods' upsized offering could indicate a strong demand for its debt, potentially leading to a positive impact on its stock.
The upsizing of B&G Foods' offering from $500M to $550M could be a sign of strong demand for its debt. This could be viewed positively by investors, leading to a potential increase in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100