Latham & Watkins Advises on B&G Foods’ US$475 Million Private Offering of Senior Notes

B&G Foods, Inc. (NYSE: BGS) (B&G), manufacturer, seller, and distributor of shelf-stable and frozen food and household products announced that it has completed an offering of US$475 million aggregate principal amount of 11.00% senior notes due 2031 in a transaction exempt from registration under the Securities Act of 1933, as amended. B&G intends to use the net proceeds of the offering, together with borrowings under its revolving credit facility and cash on hand, to redeem all of its outstanding 5.25% senior notes due 2027 and pay related fees and expenses.

Latham & Watkins LLP represented the initial purchasers in the offering with a Capital Markets team led by partners Peter Labonski, Keith Halverstam, and Benjamin Stern and counsel Gemma Mootoo Rajah, with associates Paul Lau, Skye Lee, and Adithi Iyer. Advice was also provided on tax matters by partner Elena Romanova, with associate James Aldred.