Flowers Foods Announces New $300 Million Term Loan and Amendments To Its $500 Million Revolving Credit Facility and Existing

Flowers Foods Announces New $300 Million Term Loan and Amendments To Its $500
           Million Revolving Credit Facility and Existing Term Loan

PR Newswire

THOMASVILLE, Ga., April 8, 2013

THOMASVILLE, Ga., April 8, 2013 /PRNewswire/ --Flowers Foods, Inc. (NYSE:
FLO) today announced it has entered into a senior unsecured delayed-drawn term
loan facility with a commitment of up to $300 million to help finance the
pending acquisition of certain brands and assets of Hostess Brands, Inc., and
pay certain acquisition-related costs and expenses. Deutsche Bank AG New York
Branch and Bank of America, N.A., served as agents for the syndicate of
lenders that participated in the financing.


Flowers Foods also announced it has amended its existing $500 million senior
unsecured revolving loan facility and existing unsecured term loan. The
amendments provide for less restrictive leverage ratios and certain more
favorable covenant terms, update the base forms of the existing agreements to
address changes in law, and include applicable conforming changes in light of
the new term loan.

"We are pleased to have financing in place for the pending acquisition of the
Hostess bread assets. The regulatory review of the proposed acquisition is
underway and we look forward to completing the Hostess transaction once that
review is completed. The new term loan balances near-term and longer-term
debt, and will allow us to delever in keeping with our long-term financial
objectives," said R. Steve Kinsey, executive vice president and chief
financial officer.

About Flowers Foods

Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of
the largest producers of packaged bakery foods in the United States with 2012
sales of $3.05 billion. Flowers operates 44 bakeries that produce a wide range
of bakery products. Among the company's top brands are Nature's Own and
Tastykake. Learn more at

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

SOURCE Flowers Foods, Inc.

Contact: Investor: Marta J. Turner, (229) 227-2348, Media: Keith Hancock,
(229) 227-2380
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