Friday, 12 May 2006

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

Back to all newsroom
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.
subsidiaries.

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
effective.

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
http://www.sec.gov .

ABOUT DEAN FOODS

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.

FORWARD LOOKING STATEMENTS

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,
+1-214-303-3437

http://www.prnewswire.com

All the latest from Dean Foods

familyofproducts

Latest news

Find out how we’re fueling lives from the farm to the table.

6 May, 2020
Dean Foods Completes Sale of its Miami, Florida Facility to Mana Saves McArthur, LLC
DALLAS--(BUSINESS WIRE)--Dean Foods today announced that it has completed the previously announced s...
learn-more
1 May, 2020
Dean Foods Completes Sale of Assets to Dairy Farmers of America
DALLAS--( BUSINESS WIRE )--Dean Foods Company ("Dean Foods" or the "Company") today announced that i...
learn-more
30 April, 2020
Dean Foods Completes Sales of its Uncle Matt’s Business and the Majority of the Meadow Gold Hawaii...
DALLAS--(BUSINESS WIRE)--Dean Foods ("Dean Foods" or the "Company") today announced that it has comp...
learn-more
22 April, 2020
Dean Foods Announces Asset Purchase Agreement with MGD Acquisition, LLC for the Sale of the Majority...
MGD Acquisition to Operate Meadow Gold Hawaii as an Ongoing Business to Continue Serving the Hawaiia...
learn-more
13 April, 2020
Dean Foods Announces Termination of Agreement in Principle with Industrial Realty Group, LLC for the...
Reached Agreement in Principle with an Interested Party for the Sale of Dean Foods’ Hilo Facility ...
learn-more
4 April, 2020
Dean Foods Receives Court Approval for the Sale of Substantially All of Its Assets
DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that the...
learn-more
1 April, 2020
Dean Foods Reaches Agreement in Principle With Industrial Realty Group, LLC for the Sale of Dean Foo...
DALLAS--(BUSINESS WIRE)--Dean Foods Company ("Dean Foods" or the "Company") today announced that it ...
learn-more
31 March, 2020
Dean Foods Announces Dairy Farmers of America as Winning Bidder for Substantially All of Its Assets
Prairie Farms Dairy, Mana Saves McArthur, LLC, Producers Dairy Foods and Harmoni, Inc. to Purchase A...
learn-more
17 February, 2020
Dean Foods Enters Into Asset Purchase Agreement with Dairy Farmers of America
Dairy Farmers of America to Serve as Proposed “Stalking Horse Bidder” in a Court-Supervised Sale...
learn-more
20 December, 2019
Dean Foods Receives Final Court Approval for $850 Million in Debtor-In-Possession Financing
DALLAS --(BUSINESS WIRE)--Dec. 20, 2019-- Dean Foods Company (NYSE: DF) (“Dean Foods” or the “...
learn-more
14 November, 2019
Dean Foods Company Receives Court Approval of “First Day” Motions to Support Normal Busi...
Obtains Interim Approval to Access DIP Financing Customers Receiving Uninterrupted Supply of Dairy P...
learn-more
12 November, 2019
Dean Foods Company Initiates Voluntary Reorganization with New Financial Support from Existing Lende...
Company Secures Commitments for $850 Million in DIP Financing to Support Operations In Advanced Disc...
learn-more
25 October, 2019
Dean Foods Company Announces Date for Third Quarter 2019 Earnings Release and Conference Call
DALLAS , Oct. 25, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) today announced that it will ...
learn-more
6 September, 2019
Dean Foods Concludes Strategic Alternatives Review; Focuses on Go-Forward Strategy Under New Leaders...
DALLAS , Sept. 6, 2019 /PRNewswire/ --  Dean Foods Company (NYSE: DF) (" Dean Foods " or the "Compa...
learn-more
6 August, 2019
Dean Foods Announces Second Quarter 2019 Results
DALLAS , Aug. 6, 2019 /PRNewswire/ -- Dean Foods Company (NYSE: DF) today reported second quarter 20...
learn-more
26 July, 2019
Dean Foods Appoints Eric Beringause as President and CEO
Industry Veteran Brings More Than Three Decades of Experience in Food, Beverage and Consumer Product...
learn-more
View the newsroom

We’re proud to support national organizations that are nourishing children, promoting animal welfare, and helping in times of disaster.

White papers
farm