B&G Foods Announces Proposed Credit Agreement Refinancing
November 06 2017 - 8:45AM
Business Wire
B&G Foods, Inc. (NYSE:BGS) announced today that it
intends to refinance its senior secured credit facility by reducing
the interest rate applicable to $640 million of tranche B term
loans, increasing the aggregate commitments under its revolving
credit facility from $500 million to $700 million, and extending
the maturity date applicable to its revolving credit facility. The
consummation of the refinancing is subject to market and other
conditions, including the completion of definitive agreements and
customary closing conditions. There can be no assurance that the
refinancing will occur, or, if it does, as to the terms of the
refinancing.
This press release is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
buy securities, nor shall there be any sale of securities in any
state or jurisdiction in which the offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About B&G Foods, Inc.
Based in Parsippany, New Jersey, B&G Foods and its
subsidiaries manufacture, sell and distribute high-quality, branded
shelf-stable and frozen foods across the United States, Canada and
Puerto Rico. With B&G Foods’ diverse portfolio of more
than 50 brands you know and love, including Back to Nature,
B&G, B&M, Cream of Wheat, Green Giant, Las Palmas,
Le Sueur, Mama Mary’s, Maple Grove Farms,
Mrs. Dash, New York Style, Ortega,
Pirate’s Booty, Polaner, SnackWell’s, Spice Islands and
Victoria, there’s a little something for everyone. For more
information about B&G Foods and its brands, please visit
www.bgfoods.com.
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 about the proposed
refinancing, including the prospects for consummating the proposed
refinancing and the terms of the proposed refinancing. 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 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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