date:Jun 09, 2014
f revolving credit loans under the existing credit agreement, and to pay transaction fees and expenses. Any future borrowings under the new revolving credit facility will be used for general corporate purposes. The new credit facility matures on June 5, 2019.
The credit agreement refinancing lowers BG Foods' cost of debt and provides greater flexibility in its capital structure. The new credit facility reduces the interest rate payable on the tranche A term loans and revolving loans by 100 basi