Dean Foods Company -- Moody's says no change to Dean's rating on revolver refinancing announcement

New York, March 27, 2015 -- Moody's Investors Service commented that Dean's revolver refinancing on March 26 and bond issuance in February is a modest credit positive but has no effect on the company's ratings, including the B1 Corporate Family Rating and B1-PD Probability of Default Rating. The Speculative Grade Liquidity Rating of SGL-2 is also unchanged. The rating outlook remains stable. On March 26, Dean announced that it entered into a new $450 million revolving credit facility replacing the previous $750 million revolving credit facility and amended and restated its existing $550 million receivables securitization facility. For more details please see the Issuer Comment published on March 27, 2015.

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