WhiteWave Foods starts roadshow for $350 million eight-year bullets

By Paul A. Harris

Portland, Ore., Sept. 11 – WhiteWave Foods Co. began a roadshow on Thursday for a $350 million offering of non-callable eight-year senior notes (expected ratings B1/BB-), according to a market source.

The deal is expected to price on Sept. 17.

J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, Credit Agricole CIB and Credit Suisse Securities (USA) LLC are the joint bookrunners for the public offering.

MUFG, Rabo Securities, SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC are the co-managers.

The Denver-based consumer packaged food and beverage company plans to use the proceeds to repay revolver debt, to support growth initiatives including acquisitions and for other general corporate purposes.

© 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.