DALLAS, May 1 /PRNewswire-FirstCall/ -- Dean Foods Company (NYSE: DF)
today announced that the Company has commenced an offering of 22,500,000
shares of common stock. The offering includes an option for the underwriters
to purchase up to 3,375,000 additional shares to cover overallotments, if any.
The offering is being conducted as a public offering pursuant to an effective
registration statement under the Securities Act of 1933. Merrill Lynch & Co.,
J.P. Morgan, Barclays Capital and Wachovia Securities are joint book-running
managers for the offering.
The Company intends to use the net proceeds of the offering to repay the
$122.8 million aggregate principal amount of its subsidiary's 6.625% senior
notes due May 15, 2009, and use the remaining net proceeds to repay
indebtedness under its receivables-backed facility.
The offering is being made solely by means of a prospectus supplement and
the accompanying prospectus. This press release shall not constitute an offer
to sell, or a solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. A copy of the
preliminary prospectus supplement and accompanying prospectus relating to the
common stock can be obtained from Merrill Lynch & Co., 4 World Financial
Center, New York, NY 10080, Attention: Prospectus Department, from J.P. Morgan
Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245,
Attention: Chase Distribution & Support Service Northeast Statement
Processing, from Barclays Capital Inc., c/o Broadridge, Integrated
Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free
at 1-888-603-5847 or email a request to barclaysprospectus@broadridge.com, or
from Wachovia Capital Markets, LLC, Attention: Equity Syndicate Department,
375 Park Avenue, New York, NY 10152, toll-free at 1-800-326-5897 or email a
request to equity.syndicate@wachovia.com.
ABOUT DEAN FOODS
Dean Foods is one of the leading food and beverage companies in the United
States. The Company's Fresh Dairy Direct segment is the largest processor and
distributor of milk and other dairy products in the country, with products
sold under more than 50 familiar local and regional brands and a wide array of
private labels. The Company's WhiteWave-Morningstar segment markets and sells
a variety of nationally branded dairy and dairy-related products, such as
Silk(R) soymilk and cultured soy products, Horizon Organic(R) milk and other
dairy products, International Delight(R) coffee creamers, LAND O'LAKES(R)
creamers and other fluid dairy products, and Rachel's Organic(R) dairy
products. Additionally, our WhiteWave-Morningstar segment markets and sells
private label cultured and extended shelf life dairy products.
CONTACT: Corporate Communications, Marguerite Copel, +1-214-721-1273; or
Investor Relations, Barry Sievert, +1-214-303-3438
SOURCE Dean Foods Company
-0- 05/01/2009
/CONTACT: Corporate Communications, Marguerite Copel, +1-214-721-1273, or
Investor Relations, Barry Sievert, +1-214-303-3438, both of Dean Foods
Company/
/Web Site: http://www.deanfoods.com /
(DF)
CO: Dean Foods Company
ST: Texas
IN: REA FOD
SU: OFR
PR
-- DA09250 --
6350 05/01/2009 07:00 EDT http://www.prnewswire.com
Contact:
Investors:
Barry Sievert
Investor Relations
(214) 303-3437
Media:
Marguerite Copel
Corporate Communications
(214) 721-1273
SOURCE Dean Foods Company