|Bid||29.51 x 800|
|Ask||29.53 x 800|
|Day's Range||28.97 - 29.67|
|52 Week Range||10.39 - 31.93|
|Beta (5Y Monthly)||0.53|
|PE Ratio (TTM)||14.67|
|Forward Dividend & Yield||1.90 (6.47%)|
|Ex-Dividend Date||Dec 30, 2020|
|1y Target Est||N/A|
B&G Foods announced today it is voluntarily recalling individual containers of 5.37 oz. Food Club Garlic Powder, with "best by" dates of NOV 19 22 and NOV 20 22, because they mistakenly contain bacon-flavored bits, which contain soy, an allergen undeclared on the garlic powder labels. People who have an allergy or severe sensitivity to soy run the risk of serious or life-threatening allergic reaction if they consume the bacon-flavored bits contained in the recalled containers. There is no health risk associated with this product for individuals without an allergy to soy.
B&G Foods, Inc. (NYSE: BGS) announced today the closing of its previously announced credit agreement refinancing. The refinancing includes a $300.0 million add-on tranche B term loan facility under the Company’s existing senior secured credit facility. The tranche B term loan facility was issued at a price equal to 99.00% of its face value. The add-on term loans, which have the same terms as, and are fungible with, B&G Foods’ existing $371.6 million of tranche B term loans, will bear interest at a rate of LIBOR plus 2.50%, with a 0.00% LIBOR floor, and have a maturity date of October 10, 2026. As part of the refinancing, the Company also increased the revolver capacity from $700.0 million to $800.0 million and extended the maturity date of its revolving credit facility from November 21, 2022 to December 16, 2025.
B&G Foods, Inc. (NYSE: BGS) announced today that it intends to refinance existing revolving loans with additional tranche B term loans under its senior secured credit facility. The Company also plans to increase the revolver capacity and extend the maturity date of its revolving credit facility. The consummation of the refinancing is subject to completion of definitive agreements as well as customary closing conditions, and is subject to market conditions. There can be no assurance that the refinancing will occur, or, if it does, as to the terms of the refinancing.