04:53 AM EDT, 06/28/2024 (MT Newswires) -- B&G Foods ( BGS ) said late Thursday it priced an offering of an additional $250 million of its 8% senior secured notes due 2028 at 100.5% plus accrued and unpaid interest.

The offering, upsized from the previously announced $100 million, is expected to close on July 12.

In connection with the upsizing, the company expects to lower the size of its proposed amended tranche B term loans under a senior secured credit agreement to $450 million from $600 million.

B&G Foods ( BGS ) intends to use the proceeds of the offering to repay a portion of its revolving credit loans and tranche B term loans.

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