B&G Foods to redeem $90 million of 12% due 2016 at 106 plus interest

By Devika Patel

Knoxville, Tenn., Oct. 2 - B&G Foods, Inc. announced it will redeem $90 million of its 12% senior subordinated notes due 2016 at 106 plus interest to, but excluding, Nov. 2, the redemption date.

Following this, there will be $69.54 million of the notes remaining outstanding.

The notes will be redeemed in principal amounts of $7.15.

The company is a Parsippany, N.J., manufacturer and distributor of shelf-stable branded food products.

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