PARSIPPANY, N.J.--(BUSINESS WIRE)--Aug. 8, 2016--
B&G Foods, Inc. (NYSE:BGS) announced today its intention to offer
3,750,000 shares of its common stock, pursuant to an effective shelf
registration statement filed today with the Securities and Exchange
Commission. In connection with the offering, B&G Foods expects to grant
the underwriters an option for a period of 30 days to purchase up to an
additional 550,000 shares of common stock.
B&G Foods intends to use the proceeds from the offering for general
corporate purposes, which could include, among other things, repayment
of long term debt or possible acquisitions.
Barclays Capital Inc., RBC Capital Markets, LLC and BofA Merrill Lynch
are acting as the underwriters 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 any of the underwriters: Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, by emailing [email protected]
or calling 888-603-5847; RBC Capital Markets, LLC, 200 Vesey Street, 8th
Floor, New York, NY 10281-8098, Attn: Equity Syndicate, by emailing [email protected]
or calling 877-822-4089; or BofA Merrill Lynch, NC1-004-03-43, 200 North
College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus
Department, or by emailing [email protected].
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,
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160808006204/en/
Source: B&G Foods, Inc.
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