PARSIPPANY, N.J.--(BUSINESS WIRE)--Mar. 30, 2017--
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 reduces by 75 basis points the spread over
LIBOR or the applicable base rate on approximately $640 million of
tranche B term loans.
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.
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, Durkee,
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, Spice Islands,
Spring Tree, Sugar Twin, Tone’s, Trappey’s,
TrueNorth, Underwood, Vermont Maid, Victoria,
Weber 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.” 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170330006278/en/
Source: B&G Foods, Inc.
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