B&G Foods Announces Completion of Credit Agreement Refinancing
November 20 2017 - 4:26PM
Business Wire
B&G Foods, Inc. (NYSE:BGS) announced today that it has
completed its previously announced refinancing of the Company’s
senior secured credit facility. The refinancing increases the
principal amount of the tranche B term loans by $10 million to
approximately $650 million, reduces by 25 basis points the spread
over LIBOR or the applicable base rate on the tranche B term
loans and any revolving loans, increases the aggregate commitments
under the Company’s revolving credit facility from $500 million to
$700 million, and extends the maturity date applicable to the
Company’s revolving credit facility from June 2019 to November
2022.
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.”
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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