Dean Foods uses Morningstar sale to reduce long-term debt

01/11/2013 | DairyReporter.com (France)

Dean Foods has paid off about $1 billion in loans using the proceeds from its $1.45 billion sale of Morningstar to Canada's Saputo, according to documents filed on Wednesday with the Securities and Exchange Commission. The payments eliminate nearly a third of Dean Foods' long-term debt, the company said.

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