Flowers Foods Announces First Amendment To Its $500 Million Amended And Restated Credit Facility

   Flowers Foods Announces First Amendment To Its $500 Million Amended And
                           Restated Credit Facility

PR Newswire

THOMASVILLE, Ga., Nov. 19, 2012

THOMASVILLE, Ga., Nov. 19, 2012 /PRNewswire/ --Flowers Foods, Inc. (NYSE:
FLO) today announced it amended and extended its existing $500 million senior
unsecured revolving loan facility. The amendment provides for a new five-year
term and modest improvements in the company's drawn and undrawn pricing under
the credit facility. The amended credit facility includes a one-year maturity
extension option, and permits Flowers to request additional commitments up to
an aggregate of $700 million upon the satisfaction of certain conditions.

Borrowing availability under the credit facility may be used for working
capital and general corporate purposes, including capital expenditures,
acquisition financing, refinancing of indebtedness, dividends, and share
repurchases.

"Amending and extending the credit facility improves our capital structure,
providing a solid debt capital base and continued source of liquidity," said
R. Steve Kinsey, executive vice president and chief financial officer. "This
amendment to our credit facility positions us to take advantage of an
assortment of opportunities as we work to achieve our expansion goals."

Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is the
second-largest producer and marketer of packaged bakery foods for retail and
foodservice customers in the United States with 2011 sales of $2.8 billion.
Flowers operates 44 bakeries that produce a wide range of bakery products.
These products are sold through a direct-store-delivery network with access to
approximately 70% of the U.S. population in the East, South, and Southwest as
well as in certain markets in California. Select Flowers products are sold
nationwide through customers' delivery systems. Among the company's top brands
are Nature's Own and Tastykake. For more information, visit
www.flowersfoods.com.

Statements contained in this press release that are not historical facts are
forward-looking statements. All forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ from those
projected. Other factors that may cause actual results to differ from the
forward-looking statements contained in this release and that may affect the
company's prospects in general include, but are not limited to, (a)
competitive conditions in the baked foods industry, including promotional and
price competition, (b) changes in consumer demand for our products, (c) the
success of productivity improvements and new product introductions, (d) a
significant reduction in business with any of our major customers including a
reduction from adverse developments in any of our customer's business, (e)
fluctuations in commodity pricing, (f) our ability to fully integrate recent
acquisitions into our business, and (g) our ability to achieve cash flow from
capital expenditures and acquisitions and the availability of new acquisitions
that build shareholder value. In addition, our results may also be affected
by general factors such as economic and business conditions (including the
baked foods markets), interest and inflation rates and such other factors as
are described in the company's filings with the Securities and Exchange
Commission.

SOURCE Flowers Foods, Inc.

Website: http://www.flowersfoods.com
Contact: Keith Hancock, +1-229-227-2380
 
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