PARSIPPANY, N.J. — B&G Foods, Inc. has completed the purchase of the Mrs. Dash, Molly McButter, Sugar Twin, Baker’s Joy, Static Guard and Kleen Guard brands from Unilever for $325 million in cash, subject to a post-closing adjustment for inventory at the closing date. B&G Foods said it expects the acquisition to be immediately accretive to earnings per share and free cash flow.

In connection with the closing, B&G Foods said it has entered into a new $575 million senior secured credit agreement, consisting of a five-year, $200 million revolving credit facility and a seven-year, $375 million term loan facility that includes $150 million of tranche A term loans and $225 million of tranche B term loans. Following the closing, the available borrowing capacity under the revolving credit facility is $174.5 million, B&G Foods said.

“The proceeds of the borrowings under the new credit agreement, together with cash on hand, were used to refinance B&G Foods’ existing $130 million credit facility, fund the acquisition purchase price and pay related transaction fees and expenses,” the company noted.