Attached files
file | filename |
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8-K - 8-K - Diamond Foods Inc | d678577d8k.htm |
EX-1.1 - EX-1.1 - Diamond Foods Inc | d678577dex11.htm |
EX-4.1 - EX-4.1 - Diamond Foods Inc | d678577dex41.htm |
EX-99.2 - EX-99.2 - Diamond Foods Inc | d678577dex992.htm |
EX-10.1 - EX-10.1 - Diamond Foods Inc | d678577dex101.htm |
EX-10.2 - EX-10.2 - Diamond Foods Inc | d678577dex102.htm |
Exhibit 99.1
Diamond Foods Announces Pricing of $230 Million Senior Note Offering
SAN FRANCISCO, Feb. 13, 2014 (GLOBE NEWSWIRE) Diamond Foods, Inc. announced today that it priced its previously announced Rule 144A offering of senior unsecured notes, entering into an agreement to sell $230 million aggregate principal amount of 7.000% Senior Notes due 2019. The notes will mature on March 15, 2019, and interest on the new notes will accrue and be payable semi-annually on each March 15 and September 15, commencing September 15, 2014.
The sale of the notes is expected to be completed on or about February 19, 2014, subject to customary closing conditions. The Company intends to use the net proceeds from this offering, together with proceeds from its previously announced refinancing, to repay outstanding indebtedness under the Companys existing credit facility and to redeem its senior unsecured notes due 2020 held by Oaktree, including a prepayment premium.
The notes being sold by the Company will not be registered under the Securities Act of 1933, as amended, or the Securities Act, or under any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes are being sold only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.
About Diamond Foods
Diamond Foods is an innovative packaged food company focused on building and energizing brands including Kettle® Chips, Emerald® snack nuts, Pop Secret® popcorn, and Diamond of California® nuts. Diamonds products are distributed in a wide range of stores where snacks and culinary nuts are sold. For more information, visit the Companys corporate web site: http://www.diamondfoods.com.
Note Regarding Forward-looking Statements
Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These forward-looking statements are based on our assumptions and expectations only as of the date of this press release. We use the words anticipate, believe, estimate, expect, intend, plan, seek, may and other similar expressions to identify forward-looking statements about our future expectations, projections of future results or financial condition, or other forward-looking information. You should carefully consider cautionary statements in this press release and under the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Operations sections of the periodic reports that we file from time to time with the SEC. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release. Therefore, the actual results of operations or financial
condition of the Company could differ materially from those expressed or implied in such forward looking statements.
CONTACT: Investors:
ICR
Katie Turner
415-230-7952
Media:
ICR
Anton Nicholas/Jessica Liddell
415-445-7431