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Dean Foods Plans $400 Million Note Sale To Fund Refinancing

DOW JONES NEWSWIRES Dean Foods Co. (DF) plans to sell some $400 million of notes to repay other borrowings. Shares were up 4% at $7.75 in recent trading. The stock is down 57% this year as the biggest U.S. dairy processor and distributor by revenue has seen its bottom line hurt as consumers have continued to turn to less-expensive milk rather than its branded offerings. Dean Foods joins a big roster of corporations that have been looking to take advantage of historically low interest rates to refinance portions of their balance sheet. The company's weak performance and industry woes have hurt Dean's credit ratings. Separately, Dean Foods said Thursday that it promoted Controller Scott Vopni to chief accounting officer. He succeeds Shaun Mara, who was promoted to chief financial officer at the start of this month. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;;

Stock News for Dean (DF)
04/22/201510:25:02Goodbye to the Messed-Up Expectations Portfolio
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04/17/201517:03:02The 3 Best Beverage Stocks
04/10/201509:30:33Amended Statement of Ownership (sc 13g/a)
04/02/201517:30:14Statement of Changes in Beneficial Ownership (4)
04/02/201517:26:47Statement of Changes in Beneficial Ownership (4)
04/02/201516:58:29Statement of Changes in Beneficial Ownership (4)
04/02/201516:55:54Statement of Changes in Beneficial Ownership (4)
04/01/201506:34:04Additional Proxy Soliciting Materials (definitive) (defa14a)
04/01/201506:31:46Proxy Statement (definitive) (def 14a)
03/27/201506:07:42Current Report Filing (8-k)
03/26/201516:05:00Dean Foods Completes Refinancing of $1 Billion in Revolving Credit...
03/25/201506:01:00Dean Foods to Deploy 64 CNG Vehicles and Private Fuel Station...
03/18/201513:00:07Proxy Statements: What They Are and Why You Should Read Them
03/10/201517:15:34Current Report Filing (8-k)
03/04/201519:34:00Dean Foods Declares Quarterly Dividend
03/03/201522:51:51Think Twice Before Buying Into The Story At Dean Foods
03/03/201506:04:45Current Report Filing (8-k)
02/23/201515:43:41Dean Foods announces $700M senior notes
02/23/201512:36:36Current Report Filing (8-k)

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