-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ac604TIm601EyjX08FL7wPF83uofOBLFm8+tSrcLnrG0Vd0GGKYJFzHoOPqpKugT pmU2vXe21CPJyo+eAbVosA== 0000950134-06-009732.txt : 20060512 0000950134-06-009732.hdr.sgml : 20060512 20060512105410 ACCESSION NUMBER: 0000950134-06-009732 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060512 DATE AS OF CHANGE: 20060512 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEAN FOODS CO/ CENTRAL INDEX KEY: 0000931336 STANDARD INDUSTRIAL CLASSIFICATION: ICE CREAM & FROZEN DESSERTS [2024] IRS NUMBER: 752559681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-130309 FILM NUMBER: 06832686 BUSINESS ADDRESS: STREET 1: 2515 MCKINNEY AVENUE LB 30 STREET 2: SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2143033400 MAIL ADDRESS: STREET 1: 2515 MCKINNEY AVENUE LB 30 STREET 2: SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: SUIZA FOODS CORP DATE OF NAME CHANGE: 19941013 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DEAN FOODS CO/ CENTRAL INDEX KEY: 0000931336 STANDARD INDUSTRIAL CLASSIFICATION: ICE CREAM & FROZEN DESSERTS [2024] IRS NUMBER: 752559681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 2515 MCKINNEY AVENUE LB 30 STREET 2: SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: 2143033400 MAIL ADDRESS: STREET 1: 2515 MCKINNEY AVENUE LB 30 STREET 2: SUITE 1200 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: SUIZA FOODS CORP DATE OF NAME CHANGE: 19941013 FWP 1 d33918fwfwp.htm FREE WRITING PROSPECTUS fwp
 

Issuer Free Writing Prospectus filed pursuant to Rule 433
supplementing the Preliminary Prospectus
Supplement dated May 10, 2006
Registration No. 333-130309
May 11, 2006
Dean Foods Company
$500,000,000 7.000% Notes due 2016
Summary of Final Terms and Details of the Issue
         
Issuer:   Dean Foods Company
 
        
Face Amount:   $500 million
 
        
Structure:   Senior Unsecured Notes
 
        
Final Maturity Date:   06/01/16
 
        
Public Offering Price:   99.604%
 
        
Coupon:   7.000%
 
        
Yield:   7.055%
 
        
Spread:   190 bps
 
        
Call Protection:   NC-L Except for a Make-Whole at T+50 basis points
 
        
Interest Payment Dates:   June 1 & December 1
 
        
First Interest Payment Date:   12/01/2006
 
        
Ratings:   Ba2 / BB-
 
        
Trade Date:   05/11/06
 
        
Settlement Date:   05/17/06
 
        
CUSIP:   242370 AA 2
 
        
ISIN:   US242370AA24
 
        
Distribution:   SEC Registered (Registration Statement No. 333-130309)
 
        
Sole Bookrunner:   CITI
 
        
Joint Lead Managers:   JPMorgan and Wachovia
 
        
Underwriting Commitments:
  Citigroup Global Markets Inc. —   $175,000,000
 
  J.P. Morgan Securities Inc. —   75,000,000
 
  Wachovia Capital Markets, LLC —   75,000,000
 
  BNP Paribas Securities Corp. —   17,500,000
 
  Banc of America Securities LLC. —   15,000,000
 
  Barclays Capital Inc. —   15,000,000
 
  Calyon Securities (USA) Inc. —   15,000,000
 
  Greenwich Capital Markets Inc. —   15,000,000
 
  Harris Nesbitt Corp. —   15,000,000
 
  Lazard Capital Markets LLC —   15,000,000
 
  Rabo Securities USA, Inc. —   15,000,000
 
  SunTrust Capital Markets, Inc. —   15,000,000
 
  Wells Fargo Securities, LLC —   15,000,000
 
  BNY Capital Markets, Inc. —   7,500,000
 
  PNC Capital Markets LLC —   7,500,000
 
  RBC Capital Markets Corporation —   7,500,000
 
       Total —   $500,000,000

 

 

The issuer and its subsidiary guarantors have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer will arrange to send you the prospectus, at no cost, if you request it by calling 1-214-303-3400.
The security ratings indicated above are not a recommendation to buy, sell, or hold the securities offered hereby. The ratings may be subject to revision or withdrawal at any time by Moody’s and Standard & Poor’s. Each of the security ratings included in this term sheet should be evaluated independently of any other security rating.
CAPITALIZATION
     The following table sets forth, as of March 31, 2006, our consolidated cash and cash equivalents and total capitalization on an actual basis and as adjusted to give effect to the sale of $500 million aggregate principal amount of the notes and the application of the net proceeds to reduce borrowings under our senior secured revolving credit facility. You should read this table in conjunction with our consolidated financial statements and the related notes which are incorporated by reference in the prospectus supplement and the accompanying prospectus related to this offering.
                 
    At March 31, 2006  
            As  
    Actual     Adjusted(1)  
    (in thousands of U.S. dollars,  
    except share amounts)  
    (Unaudited)  
Cash and cash equivalents
   $ 28,341     $ 21,741  
 
            
Long-term debt, including current maturities:
                
Dean Foods:
                
Senior secured credit facility
   $ 2,323,800     $ 1,823,800  
Notes offered hereby
     —       500,000  
 
            
 
     2,323,800       2,323,800  
Subsidiary Debt:
                
8.15% Senior notes—due 2007
     250,170       250,170  
6.625% Senior notes—due 2009
     190,788       190,788  
6.9% Senior notes—due 2017
     128,367       128,367  
Receivables-backed credit facility
     513,100       513,100  
Other lines of credit
     48,247       48,247  
Capital lease obligations and other
     20,257       20,257  
 
            
 
     1,150,929       1,150,929  
 
            
Total
     3,474,729       3,474,729  
Less current portion
     (169,814 )     (169,814 )
 
            
Total long-term debt
     3,304,915       3,304,915  
Stockholders’ equity
                
Common stock 136,214,958 shares issued and outstanding
     1,362       1,362  
Additional paid-in capital
     944,923       944,923  
Retained earnings
     1,056,805       1,056,805  
Accumulated other comprehensive income
     (13,499 )     (13,499 )
 
            
Total stockholders’ equity
     1,989,591       1,989,591  
 
            
Total capitalization
   $ 5,464,320     $ 5,464,320  
 
            
 
(1)   For purposes of this capitalization table, we have assumed proceeds of $500.0 million. The estimated underwriting discounts, commissions and expenses of $6.6 million are reflected as a reduction of cash and cash equivalents.

 

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