
B&G Foods, Inc, founded in 1996 and headquartered in Parsippany, New Jersey, is a prominent producer of branded shelf-stable food products. The company is known for its diverse portfolio, which includes well-recognized brands such as Green Giant, Ortega, and Mrs. Dash, catering to a wide array of consumer tastes and preferences.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
B&G Foods first began issuing bonds in 2004 to support its acquisition strategy, with notable issuances including a $350 million offering in 2013 that financed the purchase of Pinnacle Foods. As of October 2023, its corporate bonds are yielding around 5.5%, which is competitive within the food sector. The company’s bonds typically feature a callable option, allowing B&G Foods to refinance debt when favorable market conditions arise, and recently, there was market speculation surrounding potential refinancings amidst changing interest rates.