Attached files
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8-K - FORM 8-K - TreeHouse Foods, Inc. | c56468e8vk.htm |
EX-99.3 - EX-99.3 - TreeHouse Foods, Inc. | c56468exv99w3.htm |
EX-1.1 - EX-1.1 - TreeHouse Foods, Inc. | c56468exv1w1.htm |
EX-99.2 - EX-99.2 - TreeHouse Foods, Inc. | c56468exv99w2.htm |
EX-1.2 - EX-1.2 - TreeHouse Foods, Inc. | c56468exv1w2.htm |
Exhibit 99.1
NEWS RELEASE
Contact: Investor Relations
708.483.1300 Ext 1331
708.483.1300 Ext 1331
TreeHouse Prices $400 Million of Senior Notes to Fund Sturm Foods Acquisition
Westchester, IL, February 19, 2010 TreeHouse Foods, Inc. (NYSE: THS) announced today that it
priced an underwritten public offering of $400 million in aggregate principal amount of 7.750%
senior notes due 2018. TreeHouse will use the net proceeds of the notes offering to fund, in part,
the previously announced and pending acquisition of Sturm Foods, Inc. The notes offering and the
acquisition are expected to close concurrently on March 2, 2010, subject to market and other
conditions.
BofA Merrill Lynch and Wells Fargo Securities, LLC are acting as joint book-running managers for
the notes offering. TreeHouse is making the offering 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 TreeHouses prospectus, dated February 16, 2010, filed
with the shelf registration statement. A final prospectus supplement relating to the offering will
be filed with the Securities and Exchange Commission.
Copies of the prospectus and prospectus supplement relating to the offering may be obtained from
BofA Merrill Lynch, Attention: Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, NY
10001 (1-800-294-1322 or dg.prospectus_distribution@bofasecurities.com) or Wells Fargo Securities,
LLC, Attention: High Yield Capital Markets, One Wachovia Center, 301 South College Street,
Charlotte, NC 282880604.
TreeHouse has filed a registration statement (including a prospectus and a preliminary prospectus
supplement dated February 16, 2010) with the Securities and Exchange Commission for the offering 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 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 TreeHouses 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 TreeHouses or
its industrys 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. TreeHouses 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.