B&G Foods Announces Public Offering of Common Stock
March 09 2016 - 4:12PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) announced today its intention to
offer 4,000,000 shares of its common stock, pursuant to an
effective shelf registration statement previously filed with the
Securities and Exchange Commission. In connection with the
offering, B&G Foods expects to grant the underwriter an option
for a period of 30 days to purchase up to an additional 600,000
shares of common stock.
B&G Foods intends to use the proceeds from the offering to
repay outstanding borrowings under its revolving credit facility
and for general corporate purposes, which could include, among
other things, repayment of other long term debt or possible
acquisitions. B&G Foods may re-borrow amounts under its
revolving credit facility at any time.
Barclays Capital Inc. is acting as the underwriter for this
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. The offering is being made only by means of a
prospectus and the related prospectus supplement.
Interested persons may obtain copies of the prospectus and the
related preliminary prospectus supplement from the Securities and
Exchange Commission’s website at www.sec.gov or by contacting the
underwriter: Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by
emailing Barclaysprospectus@broadridge.com or calling
888-603-5847.
About B&G Foods, Inc.
B&G Foods and its subsidiaries manufacture, sell and
distribute a diversified portfolio of high-quality, branded
shelf-stable and frozen foods across the United States, Canada and
Puerto Rico. Based in Parsippany, New Jersey, B&G Foods’
products are marketed under many recognized brands, including
Ac’cent, B&G, B&M, Baker’s Joy, Bear Creek Country
Kitchens, Brer Rabbit, Canoleo, Cary’s, Cream of Rice,
Cream of Wheat, Devonsheer, Don Pepino, Emeril’s,
Grandma’s Molasses, Green Giant, JJ Flats, Joan of Arc,
Las Palmas, Le Sueur, MacDonald’s, Mama Mary’s, Maple Grove
Farms, Molly McButter, Mrs. Dash,
New York Flatbreads, New York Style, Old London,
Original Tings, Ortega, Pirate’s Booty, Polaner, Red Devil,
Regina, Rickland Orchards, Sa-són, Sclafani, Smart Puffs,
Spring Tree, Sugar Twin, Trappey’s, TrueNorth, Underwood,
Vermont Maid and Wright’s. B&G Foods also sells and distributes
Static Guard, a household product brand.
Forward-Looking Statements
Statements in this press release that are not statements of
historical or current fact constitute “forward-looking statements.”
The forward-looking statements contained in this press release
include without limitation statements related to its intention to
offer common stock and the use of proceeds of such offering. Such
forward-looking statements involve known and unknown risks,
uncertainties and other unknown factors that could cause the actual
results of B&G Foods to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements that
explicitly describe such risks and uncertainties readers are urged
to consider statements labeled with the terms “believes,” “belief,”
“expects,” “projects,” “intends,” “anticipates” or “plans” to be
uncertain and forward-looking. The forward-looking statements
contained herein are also subject generally to other risks and
uncertainties that are described from time to time in B&G
Foods’ filings with the Securities and Exchange Commission,
including under Item 1A, “Risk Factors” in the Company’s most
recent Annual Report on Form 10-K and in its subsequent reports, if
any, on Forms 10-Q and 8-K. Investors are cautioned not to place
undue reliance on any such forward looking statements, which speak
only as of the date they are made. B&G Foods undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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