2 stories mentioning BGSUpdated 44d ago
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B&G Foods (BGS) said late Wednesday it has completed its offering of $475 million of 11.00% senior notes due 2031.Net proceeds will be used to help redeem all $509.3 million of 5.25% senior notes due 2027, the company said.
B&G Foods (BGS) said Monday it plans to issue $475 million of senior notes due 2031.The company will use the net proceeds, cash, and revolving credit facility borrowings to redeem $509.3 million of outstanding 5.25% senior notes due 2027, it said.Certain domestic units will guarantee the securities on a senior unsecured basis, the company said.Shares of the company were down about 2.9% in Monday trading.Price: $3.97, Change: $-0.12, Percent Change: -2.93%
