Previous close | 5.30 |
Open | 5.20 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 15.00 |
Expiry date | 2025-01-17 |
Day's range | 5.15 - 5.50 |
Contract range | N/A |
Volume | |
Open interest | 238 |
Key Insights Given the large stake in the stock by institutions, B&G Foods' stock price might be vulnerable to their...
Shares of consumer packaged goods company B&G Foods (NYSE: BGS) dropped on Wednesday after the company announced details regarding its planned debt offering Tuesday night. As of 12:15 p.m. ET, B&G Foods stock was down about 5%, which is a big move for this ordinarily sleepy stock. As of the second quarter of 2023, B&G Foods had a substantial debt load of over $2.2 billion.
PARSIPPANY, N.J., September 13, 2023--B&G Foods, Inc. (NYSE: BGS) announced today the pricing of an offering of $550.0 million aggregate principal amount of 8.00% senior secured notes due 2028 in a transaction exempt from registration under the Securities Act of 1933, as amended. The senior secured notes are being issued at a price of 99.502%. The offering, which has been upsized from the previously announced aggregate principal amount of $500.0 million, is expected to close on September 26, 202