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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; Tess.Stynes@dowjones.com;

Stock News for Dean (DF)
DateTimeHeadline
02/10/201607:47:00Amended Statement of Ownership (sc 13g/a)
02/10/201607:17:51Amended Statement of Ownership (sc 13g/a)
01/29/201619:11:00Dean Foods Company Announces Upcoming Webcast of Fourth Quarter...
01/29/201616:45:00Dean Foods Company Announces Upcoming Webcast of Fourth Quarter...
01/26/201617:36:40Statement of Changes in Beneficial Ownership (4)
01/26/201608:23:38Amended Statement of Ownership (sc 13g/a)
01/22/201617:56:54Annual Statement of Changes in Beneficial Ownership (5)
01/19/201609:14:00Leading Chocolate Milk Brand Gets A Calcium Boost
01/08/201616:43:15Current Report Filing (8-k)
01/05/201618:19:36Statement of Changes in Beneficial Ownership (4)
01/05/201618:17:54Statement of Changes in Beneficial Ownership (4)
01/05/201618:15:16Statement of Changes in Beneficial Ownership (4)
01/05/201618:12:40Statement of Changes in Beneficial Ownership (4)
01/05/201618:11:23Statement of Changes in Beneficial Ownership (4)
12/03/201518:06:35Statement of Changes in Beneficial Ownership (4)
11/17/201509:14:36Statement of Changes in Beneficial Ownership (4)
11/17/201509:12:12Statement of Changes in Beneficial Ownership (4)
11/17/201509:09:25Statement of Changes in Beneficial Ownership (4)
11/16/201517:30:33Statement of Changes in Beneficial Ownership (4)
11/16/201517:27:28Statement of Changes in Beneficial Ownership (4)

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