B&G Foods Inc (BGS)

[FUNMAN]

B&G Foods’ $1 Billion Financing Round
North America, North America Legal Chronicle
September 19, 2019

http://www.globallegalchronicle.com/bg-foods-1-billion-financing-round/

So at some point during the last 75 days of the year, it seems reasonable to assume there will be news of another accretive acquisition.


Dechert advised B&G Foods Inc. on the deal.

The transaction consisted of a registered public offering of US$550 million in aggregate principal amount of 5.25% senior notes due 2027 and a US$450 million first lien senior secured term loan facility.

Subject to customary closing conditions, the senior notes offering is expected to close on September 26, 2019, and the term loan facility is expected to close on October 11, 2019.

B&G Foods, Inc. is a leading manufacturer, seller and distributor of high-quality branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its diverse portfolio of more than 50 brands includes Green Giant, Cream of Wheat, Maple Grove Farms, Mrs. Dash and SnackWell’s.

Dechert advised B&G Foods with a team including corporate partners Stephen Leitzell (Picture), Sarah Gelb and Michael Darby, as well as associates Anna Tomczyk, Sean Rosenthal and Colleen Mallick. Other lawyers include tax partner Edward Lemanowicz and associate George Davis, and financial services associates Jeremy Sperlazza and Kathleen Hyer.