B&G Foods,Inc. (NYSE:BGS) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On November8, 2017, B&G Foods announced its intention to offer, subject to market and other conditions, $350.0 million aggregate principal amount of 5.25% senior notes due 2025, to an effective shelf registration statement previously filed with the Securities and Exchange Commission. The notes will be issued as additional notes under the same indenture as our 5.25% senior notes due 2025 that were originally issued on April3, 2017 and, as such, will form a single series and trade interchangeably with such previously issued notes. The notes will be guaranteed on a senior unsecured basis by certain subsidiaries of B&G Foods.
We intend to use the proceeds of the offering to repay all of the outstanding borrowings under our revolving credit facility and to pay related fees and expenses. We intend to use the remaining net proceeds for general corporate purposes, which could include, among other things, repayment of other long term debt or possible acquisitions. However, there can be no assurances that the offering of the notes will be completed as described herein or at all.
A copy of the press release announcing the foregoing, which is attached to this report as Exhibit99.1, is incorporated by reference herein and is furnished to Item 7.01, “Regulation FD Disclosure.”
Item 9.01. Financial Statements and Exhibits.
Press Release dated November8, 2017