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TreeHouse To Offer $400 Of Senior Notes

February 17, 2010 (FinancialWire) — TreeHouse Foods, Inc. (NYSE: THS) said it plans to offer $400 million of senior unsecured notes due 2018 in an underwritten public offering. BofA Merrill Lynch (NYSE: BAC) and Wells Fargo Securities (NYSE: WFC) are acting as joint book-running managers.

The company said it will use the net proceeds of the notes offering to fund, in part, its pending acquisition of Sturm Foods, Inc.

TreeHouse said it expects to close the acquisition of Sturm Foods in March, 2010. The notes offering will close concurrently with the acquisition of Sturm Foods, Inc.

The company plans to finance the remaining portion of the acquisition of Sturm Foods through a draw-down on its existing credit facility as well as an underwritten public offering of common stock, pursuant to a separate prospectus supplement, following the pricing of the notes offering.

Illinois-based TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels.

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