TreeHouse Foods, Inc. Announces Pricing of $400 Million Senior Notes Offering

TreeHouse Foods, Inc. Announces Pricing of $400 Million Senior Notes Offering

PR Newswire

OAK BROOK, Ill., Feb. 25, 2014

OAK BROOK, Ill., Feb. 25, 2014 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE:
THS) announced today that it has priced its underwritten public offering of
$400 million in aggregate principal amount of 4.875% Senior Notes due 2022.
The offering is expected to close on March 11, 2014, subject to market and
other conditions.

TreeHouse intends to use the proceeds from the offering to fund, together with
borrowings under its revolving credit facility, today's previously announced
repurchase of all of TreeHouse's outstanding 7.750% Senior Notes due 2018. The
offering of the notes is not contingent upon the repurchase of the existing
notes.

BofA Merrill Lynch, J.P. Morgan Securities LLC, Wells Fargo Securities, LLC,
BMO Capital Markets Corp and SunTrust Robinson Humphrey, Inc. are acting as
joint book-running managers of the offering. TreeHouse is making the offering
pursuant to a shelf registration statement that became effective upon filing
with the Securities Exchange Commission on November 20, 2013, and solely by
means of a prospectus supplement and accompanying prospectus, copies of which
may be obtained from BofA Merrill Lynch, 222 Broadway, 11^th Floor, New York,
NY 10038, Attention: Prospectus Department, or email:
dg.prospectus_requests@baml.com, J.P. Morgan Securities LLC at 1-866-803-9204,
Wells Fargo Securities, LLC at 1-866-309-6316, BMO Capital Markets Corp at
1-800-414-3627 and SunTrust Robinson Humphrey, Inc. collect at 1-404-926-5463
or through the SEC website at www.sec.gov.

This press release is neither an offer to sell nor a solicitation of an offer
to buy any securities and shall not constitute an offer, solicitation or sale
in any jurisdiction in which such offer, solicitation or sale would be
unlawful.

ABOUT TREEHOUSE FOODS

TreeHouse is a food manufacturer servicing primarily the retail grocery and
foodservice distribution channels. Its major product lines include non-dairy
powdered creamer and sweeteners; condensed, ready to serve and powdered soups;
refrigerated and shelf stable salad dressings and sauces; powdered drink
mixes; single serve hot beverages; specialty teas; hot and cold cereals;
macaroni and cheese, skillet dinners and other value-added side dishes and
salads; salsa and Mexican sauces; jams and pie fillings under the E.D. Smith
brand name; pickles and related products; and other food products including
aseptic sauces 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, powdered
drink mixes and instant hot cereals in the United States and Canada based on
sales volume.

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
"believe," "estimate", "project", "expect," "anticipate," "plan," "intend,"
"foresee," "should," "would," "could" or other similar expressions that are
intended to identify forward-looking statements, which are generally not
historical in nature. These forward-looking statements are based on our
current expectations and beliefs concerning future developments and their
potential effect on us. These forward-looking statements and other information
are based on our beliefs as well as assumptions made by us using information
currently available. Such statements reflect our current views with respect to
future events and are subject to certain risks, uncertainties and assumptions.
Should one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially
from those described herein as anticipated, believed, estimated, expected or
intended. We are making investors aware that such forward-looking statements,
because they relate to future events, are by their very nature subject to many
important factors that could cause actual results to differ materially from
those contemplated. Such factors include, but are not limited to, the risks
that are described under the heading "Risk Factors" in TreeHouse's Annual
Report on Form 10-K for the year ended December 31, 2013 and other filings
with the SEC. You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date of this press release. TreeHouse
undertakes no obligation to publicly update or revise any forward-looking
statements after the date they are made, whether as a result of new
information, future events or otherwise.

SOURCE TreeHouse Foods, Inc.

Website: http://www.treehousefoods.com
Contact: Investor Relations, 708.483.1300 Ext 1331
 
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