B&G Foods Amends Credit Agreement, Temporarily Increases Leverage Ratio and Reduces Revolving Credit Facility Size

Reuters

07/02

B&G Foods Amends Credit Agreement, Temporarily Increases Leverage Ratio and Reduces Revolving Credit Facility Size

B&G Foods Inc. has announced an amendment to its existing senior secured credit facility. This amendment includes a temporary increase in the maximum consolidated leverage ratio allowed under its revolving credit facility, a reduction in the size of the revolving credit facility from $475 million to $430 million, and modifications to other terms and conditions. The move is seen as a strategic adjustment in response to current challenges in the packaged foods industry, including working capital needs and tariff uncertainties. The company has also been actively reshaping its portfolio by divesting non-core brands and has made efforts to reduce long-term debt through the repurchase of senior notes. As of the end of the second quarter of 2025, B&G Foods had $235 million in outstanding revolving credit loans and had repurchased $20.7 million of its senior notes due in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. B&G Foods Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250701652423) on July 01, 2025, and is solely responsible for the information contained therein.

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