B&G Foods Inc. in Parsippany filed documents with the Securities and Exchange Commission Aug. 23 under which it may offer and sell up to 7.5 million shares of its common stock from time to time through an “at-the-market” equity offering program.
The timing and amount of any sales will be determined by factors considered by B&G Foods.
In an announcement, the company said it intends to use the net proceeds from any sales of its common stock under the ATM offering for general corporate purposes that could include repayment, refinancing, redemption or repurchase of long-term debt; possible acquisitions; and other occurrences.
BofA Securities, Barclays, Deutsche Bank Securities, RBC Capital Markets, BMO Capital Markets, Citigroup, Goldman Sachs & Co. LLC, Citizens Capital Markets, SMBC Nikko and TD Securities are acting as sales agents for the ATM offering.
Sales prices may vary, as they may be for prices prevailing at the time of a sale or at prices related to prevailing market prices or at negotiated prices.