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WhiteWave Foods Announces Closing of $500 million of 5.375% Senior Notes due 2022

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The WhiteWave Foods Company (NYSE:WWAV) announced today that it has completed an offering of $500 million in aggregate principal amount of 5.375% senior notes due 2022, through underwriters led by J.P. Morgan Securities LLC. The notes mature on October 1, 2022 and bear interest at a rate of 5.375% per annum payable on April 1 and October 1 of each year, beginning on April 1, 2015.

Net proceeds from the issuance and sale of the notes were approximately $490.7 million, after deducting underwriting discounts and commissions and estimated offering expenses. The earnings per share impact is expected to be non-material for the third quarter of 2014 and to be approximately $0.07 to $0.08 per share dilutive on a full year basis.

WhiteWave intends to use the net proceeds from this offering to repay outstanding borrowings under its revolving credit facility, support growth initiatives, including acquisitions, and for other general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.


The WhiteWave Foods Company is a leading consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe.


This release contains “forward-looking statements” within the meaning of the federal securities laws, including with respect to our issuance of notes and the anticipated use of the net proceeds therefrom. Forward-looking statements include statements relating to, among other things, the expected impact on WhiteWave’s earnings per share for the third quarter of 2014 and full year, intended use of the net proceeds and other statements that begin with the words “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,” and other words and terms of similar meaning. These statements are subject to significant risks and uncertainties, including, without limitation, risks and uncertainties related to economic, market or business conditions. Except as required by law, we expressly disclaim any obligation to publicly revise any forward-looking statements contained in this news release to reflect the occurrence of events after the date of this news release.

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