DALLAS, Nov. 14, 2014 /PRNewswire/ — Dean Foods Company (NYSE: DF) today announced that it has given notice of the redemption of all of its outstanding 9.750% senior notes due 2018 (the “Notes”). As of November 14, 2014, there was approximately $24 million in aggregate principal amount of Notes outstanding. Upon completion of the redemption, none of the Notes will remain outstanding.
In accordance with the terms of the indenture governing the Notes, the Notes will be redeemed on December 15, 2014 (the “Redemption Date”) for an aggregate redemption price of approximately $25 million, which is equal to 104.875% of the principal amount redeemed, plus accrued and unpaid interest on the principal amount to the Redemption Date. Dean Foods will finance the redemption with borrowings under its senior secured credit facility. The Bank of New York Mellon Trust Company, N.A., the trustee for the Notes, is distributing a Notice of Redemption to all registered holders of the Notes today. Copies of such Notice of Redemption and additional information relating to the procedure for redemption of the Notes may be obtained from The Bank of New York Mellon Trust Company, N.A. by calling 1-800-254-2826.
ABOUT DEAN FOODS
Dean Foods® is a leading food and beverage company in the United States and is the nation’s largest processor and direct-to-store distributor of fluid milk. Headquartered in Dallas, Texas, the Dean Foods portfolio includes TruMoo®, the leading national flavored milk brand, along with well-known regional dairy brands such as Alta Dena®, Berkeley Farms®, Country Fresh®, Dean’s®, Garelick Farms®, LAND O LAKES® milk and cultured products*, Lehigh Valley Dairy Farms®, Mayfield®, McArthur®, Meadow Gold®, Oak Farms®, PET®**, T.G. Lee®, Tuscan® and more. In all, Dean Foods has more than 50 local and regional dairy brands and private labels. Dean Foods also makes and distributes ice cream, cultured products, juices, teas, and bottled water. Nearly 18,000 employees across the country work every day to make Dean Foods the most admired and trusted provider of wholesome, great-tasting dairy products at every occasion. For more information about Dean Foods and its brands, visit www.deanfoods.com.
*The LAND O LAKES brand is owned by Land O’Lakes, Inc. and is used by license.
**PET is a trademark of The J.M. Smucker Company and is used by license.
SOURCE Dean Foods Company
Corporate Communications, Jamaison Schuler, +1 214-721-7766; or Investor Relations, Scott Vopni, +1-214-303-3438