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Dean Foods to Sell Notes

The company seeks to raise $300 million.

Dallas-based food and beverage company

Dean Foods

(DF) - Get Report

announced a public offering of $300 million senior notes due 2016.

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The company intends to use the entire net proceeds to reduce a corresponding amount of borrowings under its senior secured revolving credit facility.

Citigroup Global Markets is acting as the sole book-running manager for the offering.

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