B&G Foods details public offering of senior notes

by Eric Schroeder
Share This:

PARSIPPANY, N.J. — B&G Foods, Inc., a manufacturer and distributor of shelf-stable foods such as hot cereals, fruit spreads, canned meats and beans, and spices, intends to offer $350 million aggregate principal amount of senior notes due 2018.

B&G Foods said it plans to use the proceeds of the offering to purchase its existing 12% senior subordinated notes due 2016 and 8% senior notes due 2011, pursuant to cash tender offers announced on Jan. 8, and to pay related premiums, fees and expenses. Any remaining net proceeds will be used for general corporate purposes, B&G Foods said.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.