04:48 PM EDT, 07/01/2025 (MT Newswires) -- B&G Foods ( BGS ) said late Tuesday it amended its senior secured credit facility to temporarily increase the maximum leverage ratio and reduce the size of the revolving facility.

Under the amendment, the maximum consolidated leverage ratio under the revolving facility will increase to 7.5:1 from 7.0:1 for the period from the quarter ending June 28 through the quarter ending Oct. 3, 2026. It will then step down to 7.25:1 for the quarter ending Jan. 2, 2027, and return to 7.0:1 for the quarters ending April 3, 2027, and beyond.

The size of the revolving facility was reduced to $430 million from $475 million. The amendment also imposes additional restrictions on the use of cash for debt repayments and restricted payments, including dividends, based on leverage thresholds, the company said.