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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)
07/19/201616:15:00Dean Foods Announces National CEO Quality Award Recipients
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07/07/201609:00:00Russell F. Coleman to Join Dean Foods as EVP, General Counsel...
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07/05/201617:22:53Statement of Changes in Beneficial Ownership (4)
07/05/201617:21:07Statement of Changes in Beneficial Ownership (4)
07/05/201617:19:51Statement of Changes in Beneficial Ownership (4)
07/05/201617:18:04Statement of Changes in Beneficial Ownership (4)
07/05/201617:16:19Statement of Changes in Beneficial Ownership (4)
06/22/201608:40:00Stocks Coverage on the Consumer Goods Sector -- Mondelez Intl...
06/20/201616:01:00Dean Foods Completes Acquisition Of Friendly's Ice Cream Retail...
06/01/201616:30:00Gambler Billy Walters Pleads Not Guilty in Dean Foods Insider-Trading...
05/24/201616:15:00Dean Foods To Participate At Upcoming Investor Conferences
05/24/201609:14:00New DairyPure® Brand Lactose Free Milk Offers Consumers With...
05/20/201616:24:46Securities Registration: Employee Benefit Plan (s-8)
05/19/201610:10:00Former Dean Foods Chairman Charged With Insider Trading
05/16/201616:54:00Dean Foods to Participate at BMO Capital Markets Farm to Market...

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