DALLAS, Dec. 15, 2014 /PRNewswire/ — Dean Foods Company (NYSE: DF) today announced the completion of its redemption of all of its 9.750% senior notes due 2018 (the “Notes”). Pursuant to a previously announced redemption notice, on December 15, 2014 (the “Redemption Date”), Dean Foods redeemed the entire $24 million outstanding principal amount of the Notes at a redemption price equal to 104.875% of the principal amount of the Notes redeemed, plus accrued and unpaid interest on the principal amount to the Redemption Date, or approximately $26.1 million in total. Dean Foods financed the redemption with borrowings under its senior secured credit facility.
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.
CONTACT: Corporate Communications, Jamaison Schuler, +1 214-721-7766; or Investor Relations, Scott Vopni, +1-214-303-3438
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SOURCE Dean Foods Company