B&G Foods (BGS) Prices 3.75M Common Stock Offering at $49/Share

August 9, 2016 8:00 AM EDT

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B&G Foods, Inc. (NYSE: BGS) announced that it has priced its offering of 3,750,000 shares of its common stock at a price to the public of $49.00 per share. The offering is expected to close on August 12, 2016. In connection with the offering, B&G Foods has granted the underwriters an option for a period of 30 days to purchase up to an additional 550,000 shares of common stock.

After deducting underwriting discounts and commissions and other estimated offering expenses, B&G Foods intends to use the proceeds from the offering for general corporate purposes, which could include, among other things, repayment of long term debt or possible acquisitions.

Barclays Capital Inc., RBC Capital Markets, LLC and BofA Merrill Lynch are acting as the underwriters for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and the related prospectus supplement included as part of an effective registration statement previously filed with the Securities and Exchange Commission.

Interested persons may obtain copies of the prospectus and the related prospectus supplement from the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the underwriters: Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by emailing Barclaysprospectus@broadridge.com or calling 888-603-5847; RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attn: Equity Syndicate, by emailing equityprospectus@rbccm.com or calling 877-822-4089; or BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@baml.com.

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