TreeHouse Announces $400 Senior Notes Offering to Fund Sturm Foods Acquisition
February 16 2010 - 6:15AM
PR Newswire (US)
WESTCHESTER, Ill., Feb. 16 /PRNewswire-FirstCall/ -- TreeHouse
Foods, Inc. (NYSE:THS) announced today that it intends to offer,
subject to market and other conditions, $400 million of senior
unsecured notes due 2018 in an underwritten public offering. The
offering will be made pursuant to a shelf registration statement
filed with the Securities and Exchange Commission on February 16,
2010, which has been declared effective, and a prospectus
supplement to TreeHouse's prospectus, dated February 16, 2010,
filed with the shelf registration statement. TreeHouse will use the
net proceeds of the notes offering to fund, in part, the previously
announced and pending acquisition of Sturm Foods, Inc. TreeHouse
expects to close the acquisition of Sturm Foods in March, 2010. The
notes offering will close concurrently with the acquisition of
Sturm Foods, Inc. TreeHouse intends to finance the remaining
portion of the acquisition of Sturm Foods through a draw-down on
its existing credit facility as well as an underwritten public
offering of common stock, pursuant to a separate prospectus
supplement, following the pricing of the notes offering. BofA
Merrill Lynch and Wells Fargo Securities, LLC are acting as joint
book-running managers for the notes offering. Copies of the
preliminary prospectus relating to the notes offering may be
obtained, when available, from BofA Merrill Lynch, Attention:
Prospectus Department, 100 West 33rd Street, 3rd Floor, New York,
NY 10001 (1-800-294-1322 or ) or Wells Fargo Securities, LLC,
Attention: High Yield Capital Markets, One Wachovia Center, 301
South College Street, Charlotte, NC 28288-0604. TreeHouse has filed
a registration statement (including a prospectus and, with regard
to the notes offering, a preliminary prospectus supplement dated
February 16, 2010) with the Securities and Exchange Commission for
the offerings to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents TreeHouse has filed with the
Securities and Exchange Commission for more complete information
about TreeHouse and the offerings. You may get these documents for
free by visiting EDGAR on the SEC Web site at http://www.sec.gov/.
Alternatively, TreeHouse, any underwriter or any dealer
participating in the offerings will arrange to send you the
relevant prospectus, when available, if you request it by calling
TreeHouse's Investor Relations department at 708-483-1300 Ext 1331.
This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities of TreeHouse, nor
will there be any sale of securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification. About TreeHouse Foods TreeHouse
is a food manufacturer servicing primarily the retail grocery and
foodservice channels. Its products include non-dairy powdered
coffee creamer; canned soup, salad dressings and sauces; salsa and
Mexican sauces; jams and pie fillings under the E.D. Smith brand
name; pickles and related products; infant feeding products; and
other food products including aseptic sauces, refrigerated salad
dressings, and liquid non-dairy creamer. TreeHouse believes it is
the largest manufacturer of pickles and non-dairy powdered creamer
in the United States and the largest manufacturer of private label
salad dressings in the United States and Canada based on sales
volume. CAUTION REGARDING FORWARD-LOOKING STATEMENTS This press
release contains "forward-looking statements." Forward-looking
statements include all statements that do not relate solely to
historical or current facts, and can generally be identified by the
use of words such as "may," "should," "could," "expects," "seek
to," "anticipates," "plans," "believes," "estimates," "intends,"
"predicts," "projects," "potential" or "continue" or the negative
of such terms and other comparable terminology. These statements
are only predictions. The outcome of the events described in these
forward-looking statements is subject to known and unknown risks,
uncertainties and other factors that may cause TreeHouse's or its
industry's actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievement expressed or implied
by these forward-looking statements. TreeHouse's Form 10-K for the
year ended December 31, 2009 and the prospectus (including any
prospectus supplements) related to the offerings discuss some of
the factors that could contribute to these differences. You are
cautioned not to unduly rely on such forward-looking statements,
which speak only as of the date made, when evaluating the
information presented in this presentation. TreeHouse expressly
disclaims any obligation or undertaking to disseminate any updates
or revisions to any forward-looking statement contained herein, to
reflect any change in its expectations with regard thereto, or any
other change in events, conditions or circumstances on which any
statement is based.
http://www.newscom.com/cgi-bin/prnh/20050726/CGTREELOGO
http://photoarchive.ap.org/ DATASOURCE: TreeHouse Foods, Inc.
CONTACT: TreeHouse Foods, Inc., Investors, +1-708-483-1300, Ext.
1331 Web Site: http://www.treehousefoods.com/
Copyright
Treehouse Foods (NYSE:THS)
Historical Stock Chart
From May 2024 to Jun 2024
Treehouse Foods (NYSE:THS)
Historical Stock Chart
From Jun 2023 to Jun 2024