US: B&G closes stock offering

By: just-food.com | 21 September 2009

B&G Foods has raised US$75.6m through its offering of 10m shares of class A common stock at $8 per share.

The US company said it would use the proceeds for general corporate purposes, including the repayment of long-term debt.

In connection with the offering, B&G Foods has granted to the underwriters an option for a period of 30 days to purchase up to an additional 1.5m shares.

Credit Suisse Securities, Barclays Capital and BofA Merrill Lynch acted as joint book-running managers, and Goldman Sachs and RBC Capital Markets Corporation acted as co-managers of the offering.

Sectors: Baby food, Chilled foods