US: B&G Foods raises funds
US food group B&G Foods has filed a universal shelf registration statement to sell up to US$600m in stock, warrants and debt securities.
The company said on Friday (13 August) that it has no specific plans to issue securities under the new self registration statement.
B&G Foods explained that the move is "consistent with B&G Foods' acquisition and growth strategy". Raising the funds positions the company "to move quickly to take advantage of acquisition, financing and other business opportunities when and if such opportunities arise", it added.
B&G Foods added the new registration statement will replace its existing registration statement, which was initially filed in July 2009.
The July 2009 registration statement registered the offer and sale of up to $600m securities, of which approximately $158m of securities remain available.
The July 2009 statement will expire on the new shelf registration statement becoming available.
Companies: B&G Foods
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