<p> WhiteWave Foods Company has recently completed its acquisition of Earthbound Farms for $600 million. The packaged food and beverage company plans to operate Earthbound Farms as a separate business unit, based in San Juan Bautista, CA, and no significant operational changes are anticipated as a result of the acquisition.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> “We are pleased to complete this transaction, which represents an exciting step in WhiteWave’s evolution and reaffirms our leadership in the organic foods and beverages industry in North America,” said Gregg Engles, Chairman and CEO of WhiteWave. Engles noted that with this acquisition, WhiteWave can now provide gateways for consumers to enter into the organic category – produce and dairy. “We look forward to partnering with our talented colleagues at Earthbound Farm as we continue to work to change the way the world eats for the better,” he added.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> The company funded the acquisition with existing credit facilities, including a new $500 million 7-year incremental term loan facility that was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and CoBank, ACB, as the joint lead arrangers and co-book managers, according to a press release. WhiteWave further amended its senior credit facilities, providing an option to increase the facilities by an additional $500 million, subject to future lenders’ commitments. After giving effect to the acquisition, the principal amount outstanding under WhiteWave’s current $1.84 billion senior secured credit facilities commitments is approximately $1.29 billion.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" https://www.ebfarm.com/products" target="_new"> Earthbound Farms </a><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.whitewave.com/investors" target="_new"> WhiteWave Foods </a> </p><hr class="legacyRuler"><hr class="invisible minimal-padding">
