B&G Foods to partially redeem senior notes due 2018 

B&G Foods to partially redeem senior notes due 2018

Nov 28, 2012 (Menafn - M2 EQUITYBITES via COMTEX) --Food company B&G Foods Inc BGS has issued a notice of partial redemption for USD101.5m principal amount of its outstanding 7.625% senior notes due 2018, it stated on Tuesday.

The notes are planned to be redeemed on 28 December 2012 at a cash redemption price of 107.625% of the principal amount of the notes being redeemed, plus accrued and unpaid interest. Upon completion of the redemption, USD248.5m principal amount of the notes will remain outstanding.

On and after the redemption date, the interest on the redeemed part of the notes will cease to accrue and the only remaining right of the shareholders will be to receive payment of the redemption price, together with the accrued and unpaid interest.

The Bank of New York Mellon as trustee for the notes will send a notice of partial redemption to the registered holders.

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