- Current report filing (8-K)
July 21 2009 - 5:07PM
Edgar (US Regulatory)
As filed
with the Securities and Exchange Commission on July 21, 2009
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report
(Date of earliest event reported):
July 21, 2009
B&G
Foods, Inc.
(Exact name of
Registrant as specified in its charter)
Delaware
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001-32316
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13-3918742
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(State or Other
Jurisdiction
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(Commission
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(IRS Employer
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of
Incorporation)
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File Number)
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Identification
No.)
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Four
Gatehall Drive, Suite 110, Parsippany, New Jersey
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07054
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(Address of
Principal Executive Offices)
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(Zip Code)
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Registrants
telephone number, including area code: (
973) 401-6500
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure.
B&G
Foods has proposed to its lenders an amendment to its existing senior secured
credit facility. The purpose of the
proposed amendment is to:
·
appoint Credit Suisse as administrative agent under
the credit facility to replace Lehman Commercial Paper, Inc.;
·
permit B&G Foods to do one or more of the
following:
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make or offer to make any optional or voluntary payment, prepayment,
repurchase or redemption of B&G Foods 12% senior subordinated notes
due 2016 for cash, subject to the restricted payments test set forth in B&G Foods
senior notes indenture;
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make or offer to make any optional or voluntary payment, prepayment,
repurchase or redemption of the senior subordinated notes in exchange for Class A
common stock; and
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refinance the senior subordinated notes with senior unsecured
indebtedness provided B&G Foods
consolidated leverage ratio is less than or equal to 4.5 to 1.0 after giving effect
to the refinancing; and
·
extend the maturity date for the existing undrawn $25.0
million revolving credit facility from January 10, 2011 to February 26,
2013 so that it will have the same maturity date as the existing $130.0 million
of borrowings under the term loan facility.
The
proposed amendment requires the consent of a majority of the lenders under the
credit facility and, with respect to the extension of the revolving credit
facility, all of the revolving credit lenders.
No assurance can be given that the proposed amendment will be
consummated on the terms contemplated or at all.
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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B&G FOODS, INC.
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Dated: July 21,
2009
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By:
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/s/ Robert C. Cantwell
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Robert C. Cantwell
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Executive
Vice President of Finance and Chief Financial Officer
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3
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