OAK BROOK, Ill., July 22, 2014 /PRNewswire/ -- TreeHouse Foods,
Inc. (NYSE: THS) announced today that it has closed the
underwritten public offering for an aggregate of 4,950,331 shares
of TreeHouse common stock, which includes an additional 645,695
shares that were sold pursuant to an option granted to the
underwriters.
TreeHouse intends to use the net proceeds of the offering to
fund, in part, the previously announced acquisition of Flagstone
Foods ("Flagstone"). TreeHouse expects to close the acquisition of
Flagstone in the third quarter of 2014. TreeHouse intends to
finance the remaining portion of the acquisition of Flagstone
through borrowings under its existing credit agreement.
J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, and
BofA Merrill Lynch acted as joint book-running managers for the
common stock offering. BMO Capital Markets Corp. and SunTrust
Robinson Humphrey, Inc. acted as lead managers for the common stock
offering. Barclays Capital Inc., BB&T Capital Markets, a
division of BB&T Securities, LLC, William Blair & Company, L.L.C. and Stephens
Inc. acted as co-managers for the common stock offering. This
offering was made pursuant to an effective shelf registration
statement filed with the SEC on November 20,
2013, and a prospectus supplement filed with the SEC on
July 15, 2014, copies of which may be
obtained from J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone (866)
803-9204, Wells Fargo Securities, LLC Attention: Equity Syndicate
Department, 375 Park Avenue, New York,
New York 10152, telephone: (800) 326-5897 or via email at
cmclientsupport@wellsfargo.com, BofA Merrill Lynch, 222 Broadway,
New York, NY 10038, Attention:
Prospectus Department, Email: dg.prospectus_requests@baml.com, BMO
Capital Markets Corp., Attention: Prospectus Department, 3 Times
Square, New York, NY 10036, by
calling (800) 414-3627 or by email at bmoprospectus@bmo.com and
SunTrust Robinson Humphrey, Inc. collect at (404) 926-5463 or
through the SEC website at www.sec.gov. Before you invest,
you should read the prospectus in the registration statement and
other documents TreeHouse has filed with the SEC for more complete
information about TreeHouse and the offering.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities of TreeHouse, nor
will there be any sale of securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification.
ABOUT TREEHOUSE FOODS
TreeHouse is a food manufacturer servicing primarily the retail
grocery and foodservice distribution channels. Our products include
non-dairy powdered creamers and sweeteners; condensed, ready to
serve and powdered soups; refrigerated and shelf stable salad
dressings and sauces; powdered drink mixes; single serve hot
beverages; specialty teas; hot and cold cereals; macaroni and
cheese, skillet dinners, and other value-added side dishes and
salads; salsa and Mexican sauces; jams and pie fillings; pickles
and related products; aseptic sauces; and liquid non-dairy creamer.
We believe we are the largest manufacturer of pickles and non-dairy
powdered creamer in the United
States, and the largest manufacturer of private label salad
dressings, powdered drink mixes, and instant hot cereals in
the United States and Canada, based on sales volume.
Additional information, including TreeHouse's most recent
statements on Forms 10-Q and 10-K, may be found at the SEC website,
www.sec.gov.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements."
Forward-looking statements include all statements that do not
relate solely to historical or current facts, and can generally be
identified by the use of words such as "may," "should," "could,"
"expects," "seek to," "anticipates," "plans," "believes,"
"estimates," "intends," "predicts," "projects," "potential" or
"continue" or the negative of such terms and other comparable
terminology. These statements are only predictions. The outcome of
the events described in these forward-looking statements is subject
to known and unknown risks, uncertainties and other factors that
may cause TreeHouse or its industry's actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. TreeHouse's Form 10-K for the year ended December 31, 2013 and other filings with the SEC,
discuss some of the factors that could contribute to these
differences. You are cautioned not to unduly rely on such
forward-looking statements, which speak only as of the date made,
when evaluating the information presented in this press release.
TreeHouse expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking
statement contained herein, to reflect any change in its
expectations with regard thereto, or any other change in events,
conditions or circumstances on which any statement is based.
SOURCE TreeHouse Foods, Inc.