Dean Foods completes $4.8B in financing |
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Published
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Mon, 02 Apr 2007 23:26
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DALLAS (AP) - Dean Foods Co., which distributes milk and other dairy products, on Monday said it completed $4.8 billion in new senior credit facilities.The facilities include a $1.5 billion five-year senior secured revolving credit facility, a $1.5 billion five-year senior secured term loan and a $1.8 billion seven-year senior secured term loan.Dean Foods also replaced its receivables facility with a new three year, $600 million receivables facility.The company, as expected, said it paid a special $15 dividend to shareholders Monday. Dean Foods' common stock will begin trading on an ex-dividend basis beginning Tuesday. As of March 27 there were about 129.6 million basic shares outstanding.Shares closed up 59 cents at $47.33 on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Dean Foods sets $1.94B special dividend 