B&G Foods, Inc. (NYSE: BGS) announced the pricing of a $475 million offering of 11.00% senior notes due 2031. The notes are being issued at 97.67% of par value in a private placement transaction.

The company estimates net proceeds of approximately $456.3 million after deducting fees and expenses. B&G Foods plans to use these proceeds, along with credit facility borrowings and cash on hand, to redeem its outstanding $509.3 million of 5.25% senior notes due 2027.

The notes will be guaranteed by certain domestic subsidiaries of B&G Foods on a senior unsecured basis. The offering is expected to close on June 10, 2026, subject to customary closing conditions.

The securities are being offered to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S, both exemptions from Securities Act registration requirements. The notes have not been registered under federal or state securities laws.

B&G Foods manufactures and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. The company's portfolio includes more than 50 brands such as Green Giant, Crisco, Cream of Wheat, and Ortega.