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Dean Foods to repay credit facilities with new note offering proceeds
By Tali Rackner
Norfolk, Va., Feb. 17 – Dean Foods Co. plans to repay a portion of the outstanding borrowings under its senior secured credit facility and receivables-backed facility with the proceeds from a new senior note offering, according to a press release.
The company will also use proceeds to finance the redemption of its outstanding senior unsecured notes due 2016.
Dean Foods is a Dallas-based food and beverage company.
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