Michael Foods Announces Launch Of Senior Unsecured Notes Offering

      Michael Foods Announces Launch Of Senior Unsecured Notes Offering

PR Newswire

MINNETONKA, Minn., Dec. 10, 2012

MINNETONKA, Minn., Dec. 10, 2012 /PRNewswire/ -- Michael Foods Group, Inc.
(the "Company") today announced that its indirect parent company, Michael
Foods Holding, Inc., a Delaware corporation (the "Parent"), intends to sell
subject to market conditions, in a private placement to qualified
institutional buyers under Rule 144A and to non-U.S. persons under Regulation
S of the Securities Act of 1933, as amended (the "Securities Act"), $275
million aggregate principal amount of senior unsecured notes due 2018 (the
"Notes"). The Parent intends to use the net proceeds from this offering,
together with cash on hand, to pay cash dividends on, and/or make other
payments in respect of, the Parent's equity interests.

The Notes have not been and will not be registered under the Securities Act or
the securities laws of any state and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements under the Securities Act and any applicable state securities

Neither this press release nor the information contained herein constitutes an
offer to sell or the solicitation of an offer to buy the Notes, nor shall
there be any sale of the Notes in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. Any offer of the Notes will be
made only by means of a private offering circular.

Forward-Looking Statements

Certain items contained in this press release may be "forward-looking
statements." Forward-looking statements include statements concerning our
plans, objectives, goals, strategies, future events, future sales or
performance, capital expenditures, financing needs, ability to fund
operations, intentions relating to acquisitions, our competitive strengths and
weaknesses, our business strategy and the trends we anticipate in the
industries and economies in which we operate and other information that is not
historical information. When used herein, the words "estimates," "expects,"
"anticipates," "projects," "plans," "intends," "believes" and variations of
such words or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are not guarantees of future
performance. All forward-looking statements are based upon our current
expectations and various assumptions. Our expectations, beliefs and
projections are expressed in good faith, and we believe there is a reasonable
basis for them, but there can be no assurance that our expectations, beliefs
and projections will be realized. Readers are cautioned not to place undue
reliance on these forward-looking statements. Except for any ongoing
obligation to disclose material information as required by the United States
federal securities laws, we do not have any intention or obligation to
publicly update or revise any forward-looking statements after we distribute
this press release, whether to reflect any future events or circumstances or
otherwise. There are a number of risks and uncertainties that could cause
actual events to differ materially from the forward-looking statements
contained in this press release, including the factors described under "Risk
Factors" in our 2011 Annual Report on Form 10-K, filed with the Securities and
Exchange Commission on March30, 2012.

About the Company

Michael Foods Group, Inc., based in Minnetonka, Minnesota, is a producer and
distributor of food products to the foodservice, retail and food-ingredient
markets. Its principal products are egg products, refrigerated potato
products, cheese and other dairy-case products.

SOURCE Michael Foods Group, Inc.

Contact: Mark Westphal, Senior Vice President and Chief Financial Officer,
(952) 258-4000
Press spacebar to pause and continue. Press esc to stop.