PARSIPPANY, N.J.--(BUSINESS WIRE)--Nov. 20, 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 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171120006115/en/
Source: B&G Foods, Inc.
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Dara Dierks, 866-211-8151
or
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