B&g foods announced proposed credit agreement refinancing

Parsippany, n.j.--(business wire)--b&g foods, inc. (nyse: bgs) announced today that it intends to amend, extend the maturity date and upsize its existing tranche b term facility under its senior secured credit facility. b&g foods plans to use the proceeds of the tranche b term loans to refinance the existing tranche b term loans and repay a portion of b&g foods' existing revolving loans. b&g foods also plans to decrease the size of the revolver capacity and extend the maturity d.
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