BGS news

B&G Foods terminated a deal to sell Green Giant Canada after failing to secure regulatory approval, stating the company will continue to own the asset and evaluate strategic alternatives.

B&G Foods priced a $475 million offering of 11.00% senior notes due 2031 through an underwriting group led by Barclays Capital. Proceeds will be used to redeem outstanding 5.25% senior notes due 2027 and pay related fees.

B&G Foods is proposing a private offering of $475 million in senior notes due 2031, with proceeds to redeem $509.3 million of 5.25% notes due 2027. The refinancing aims to extend debt maturity and reduce near-term obligations.