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Strategies & Market Trends : Value Investing

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To: Sean Collett who wrote (73876)	10/5/2023 3:02:54 PM
From: Elroy	Read Replies (1) of 78715

BGS just refinanced some of their 2028 debt a week or so ago. B&G Foods Closes $550.0 Million Private Offering of Senior Secured Notes finance.yahoo.com 5.25% 2025 debt became 8% 2028 debt. I don't know if the remaining amounts of their nearer term maturities are going to do the same, but I would assume something similar. As I wrote, if all of their $2.3b long term debt goes to 8% (or even 10%) they have (based on their forecasts and their recent history) EBITDA to cover interest payments. So.......the debt amount is large, much more than normal for a food company, but it appears to be manageable, based on what we know today. The debt is the same amount as it was a year ago, and a year ago BGS was $15, today it's $7.50. Same debt level.

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