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B&G plans $700 million offering

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B&G Foods Inc., of Parsippany, announced today its intention to offer, subject to market and other conditions, $700 million aggregate principal amount of senior notes, due 2021.

In an announcement, B&G Foods said it would use proceeds of the offering to purchase all $248.5 million aggregate principal amount of its existing 7.625 percent senior notes due 2018 pursuant to a cash tender offer, with any remaining net proceeds for general corporate purposes. The notes will be guaranteed on a senior unsecured basis by certain subsidiaries of B&G Foods.

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