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Dean Foods to price $300 million 10-year notes this week via Citigroup
By Paul A. Harris
St. Louis, May 10 - Dean Foods Co. is expected to price a $300 million offering of 10-year senior notes (Ba2/BB-) before the end of the week, according to an informed source.
Citigroup has the books for the off-the-shelf offering.
The notes will be non-callable for life.
Proceeds will be used to pay down revolver debt.
The prospective issuer is a Dallas-based food and beverage company.
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