WhiteWave plans $800 million to $925 million of loan debt with IPO

By Sara Rosenberg

New York, Aug. 7 - WhiteWave Foods Co. expects to get $800 million to $925 million of new debt under a senior credit facility in connection with its initial public offering of common stock, according to an S-1 filed with the Securities and Exchange Commission on Tuesday.

The facility may consist of a revolver and term loans.

Proceeds from the loan borrowings and the initial public offering will be used to fund a distribution to parent company Dean Foods Co., which will then use the funds to pay down its existing credit facility debt.

White Wave is a Dallas-based consumer packaged food and beverage company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.