B&G Foods Intends To Amend, Extend Maturity Date And Upsize Its Existing Tranche B Term Facility Under Its Senior Secured Credit Facility
Portfolio Pulse from Benzinga Newsdesk
B&G Foods plans to amend and extend the maturity date of its existing Tranche B term facility under its senior secured credit facility. The company will use the proceeds to refinance existing loans and repay a portion of its revolving loans. Additionally, B&G Foods intends to decrease the size of its revolver capacity and extend the maturity date of its revolving credit facility.
June 18, 2024 | 9:51 pm
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B&G Foods is amending and extending the maturity date of its Tranche B term facility and revolving credit facility. The company will use the proceeds to refinance existing loans and reduce revolver capacity.
The amendment and extension of the credit facilities will likely improve B&G Foods' financial stability by refinancing existing loans and reducing revolver capacity. This could be seen positively by investors, potentially leading to a short-term increase in stock price.
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