B&G Foods to sell $350 million eight-year notes to fund tender offer

By Paul A. Harris

St. Louis, Jan. 8 - B&G Foods, Inc. announced in a Friday press release that it intends to offer $350 million of eight-year senior notes.

The notes are registered with the Securities and Exchange Commission.

Proceeds will be used to fund the tenders for the company's 12% senior subordinated notes due 2016 and its 8% senior notes due 2011.

The prospective issuer is a Parsippany, N.J., food manufacturer and distributor.

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