Friday, 12 May 2006

Dean Foods Announces Pricing of $500 Million Senior Notes Public Offering

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Friday, 12 May 2006

DALLAS, May 12, 2006 /PRNewswire-FirstCall via COMTEX News Network/ — Dean Foods Company (NYSE: DF)
announced today that it has priced a public offering of $500 million aggregate
principal amount of its Senior Notes due 2016. The notes will bear interest
at the rate of 7% per year, payable semiannually. The notes are senior
obligations and rank equally with all of the Company’s other senior unsecured
indebtedness. The notes are fully and unconditionally guaranteed by the
subsidiaries that are guarantors under Dean Foods’ senior secured credit
facility, which are substantially all of the Company’s wholly owned U.S.

Dean Foods Company expects to use all of the net proceeds from the sale of
the notes to reduce a corresponding amount of borrowings under its senior
secured revolving credit facility.

Citigroup Global Markets Inc. acted as the sole book-running manager for
the offering.

A shelf registration statement relating to the notes in this offering has
been filed with the Securities and Exchange Commission and has become

This press release is neither an offer to sell nor a solicitation of an
offer to buy the securities described herein, nor shall there be any sale of
these securities in any jurisdiction in which such an offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering is being made only by
means of a prospectus supplement and the accompanying prospectus, a copy of
which may be obtained by contacting Kim Bruzzese at Citigroup Global Markets
Inc. via telephone at (212) 723-6046. Alternatively, the prospectus and
prospectus supplement may be obtained by visiting EDGAR on the SEC Web site at .


Dean Foods Company is one of the leading food and beverage companies in
the United States. Its Dairy Group division 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 Foods subsidiary is the nation’s
leading organic foods company. WhiteWave Foods markets and sells a variety of
well-known dairy and dairy-related products, such as Silk(R) soymilk, Horizon
Organic(R) dairy products and juices, International Delight(R) coffee creamers
and LAND O’LAKES(R) creamers and cultured products. Dean Foods Company also
owns the fourth largest dairy processor in Spain and the leading brand of
organic dairy products in the United Kingdom.


This press release contains forward-looking statements that involve risks
and uncertainties, such as the statement regarding our expected use of net
proceeds. We develop forward-looking statements by combining currently
available information with our beliefs and assumptions. These statements
relate to future events, including our future performance, and often contain
words like “may,” “should,” “could,” “expects,” “seeks to,” “anticipates,”
“plans,” “believes,” “estimates,” “intends,” “predicts,” “projects,”
“potential” or “continue” or the negative of such terms and other comparable
terminology. Forward-looking statements are inherently uncertain, and actual
performance or results may differ materially and adversely from that expressed
in, or implied by, any such statements. Consequently, you should recognize
these statements for what they are and we caution you not to rely upon them as
facts. More detailed information about factors that we believe could cause
our actual results or performance to differ materially from anticipated levels
is contained in our filings with the SEC, including those discussed under the
caption “Risk Factors” in our Annual Report on Form 10-K filed on March 10,
2006 and our Quarterly Report on Form 10-Q filed on May 10, 2006.

Contact: Barry Sievert

Senior Director, Investor Relations
(214) 303-3437

SOURCE Dean Foods Company

Barry Sievert, Senior Director, Investor Relations of Dean Foods Company,

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