Trade Resources Company News B&G Foods Announces Closing Of Public Offering Of Common Stock

B&G Foods Announces Closing Of Public Offering Of Common Stock

B&G Foods, Inc. has closed its public offering of 4,600,000 shares of its common stock, which includes 600,000 shares issued pursuant to the underwriter’s over-allotment option, at a public offering price of $33.55 per share.

After deducting underwriting discounts and commissions and other estimated offering expenses, net proceeds to B&G Foods are approximately $152.0 million. B&G Foods intends to use the proceeds from the offering to repay outstanding borrowings under its revolving credit facility and for general corporate purposes, which could include, among other things, repayment of other long term debt or possible acquisitions. B&G Foods may re-borrow amounts under its revolving credit facility at any time.

Barclays Capital Inc. acted as the underwriter for the 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 included as part of an effective registration statement previously filed with the Securities and Exchange Commission.

 

 

Source: http://chilledanddelifood.food-business-review.com/news/bg-foods-announces-closing-of-public-offering-of-common-stock-170316-4841130
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