New Issue: B&G $100 million add-on due 2007 yields 9.923%

By Paul A. Harris

St. Louis, Mo., March 4 - B&G Foods, Inc. priced a $100 million add-on to its 9 5/8% senior subordinated notes due Aug. 1, 2007 (B3/B-) at 98.760 to yield 9.923%, according to syndicate sources.

One syndicate official commented that the transaction had seen a "strong performance," and noted that the price talk had been 98.50-98.75.

Lehman Brothers was bookrunning manager. Fleet Securities was co-manager.

Proceeds from the Rule 144A notes will be used to repay notes and a bridge loan.

The original $120 million deal priced Aug. 8, 1997.

Issuer:	B&G Foods, Inc.
Amount:	$100 million add-on to 9 5/8% senior subordinated notes due Aug. 1, 2007
Bookrunner:	Lehman Brothers
Co-manager:	Fleet Securities
Coupon:	9 5/8%
Price:	98.760
Yield to worst:	9.923%
Spread:	536 basis points over the 6 1/8% Treasury due Aug., 2007
Call features:	Callable on Aug. 1, 2002 at 104.813, then at 103.208, 101.604, declining to par on Aug. 1, 2005 and thereafter
Settlement date:	March 7, 2002 with accrued interest
Ratings:	Moody's: B3
	Standard & Poor's: B-
Rule 144A CUSIP:	055088AD0

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