Dechert Advises B&G Foods, Inc. on US$1 Billion Financing
September 17, 2019
Dechert is advising long standing client B&G Foods Inc., in connection with a US$1 billion financing.
The transaction consists 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.
The Dechert team included corporate partners Stephen Leitzell, Sarah Gelb and Michael Darby, as well as associates Colleen Mallick, Anna Tomczyk and Sean Rosenthal. Other lawyers included tax partner Edward Lemanowicz and associate George Davis, and financial services associates Jeremy Sperlazza and Kathleen Hyer.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
Related Professionals
