B&G Foods announces public offering of senior notes
B&G Foods (BGS -0.3%) intends to offer 450M of senior notes due 2027.
B&G Foods intends to use the proceeds of the offering, together with the proceeds of borrowings under B&G Foods’ proposed first lien senior secured term loan facility, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses.
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B&G Foods intends to use the proceeds of the offering, together with the proceeds of borrowings under B&G Foods’ proposed first lien senior secured term loan facility, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses.
source
For more analysis and articles visit our website.
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