FLOWERS FOODS, INC. PRICES $500 MILLION OF 5.750% SENIOR NOTES DUE 2035 AND $300 MILLION OF 6.200% SENIOR NOTES DUE 2055

Core Viewpoint - Flowers Foods, Inc. has announced a public offering of $500 million in 5.750% Senior Notes due 2035 and $300 million in 6.200% Senior Notes due 2055 to fund its acquisition of Purposeful Foods Holdings, Inc. and for general corporate purposes [1][2]. Group 1: Offering Details - The offering includes $500 million of 5.750% Senior Notes maturing on March 15, 2035, and $300 million of 6.200% Senior Notes maturing on March 15, 2055 [1]. - The expected closing date for the offering is February 14, 2025, subject to customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the cash consideration for the acquisition of Purposeful Foods Holdings, pay related fees and expenses, and for general corporate purposes [2]. Group 3: Company Overview - Flowers Foods, Inc. is one of the largest producers of packaged bakery foods in the U.S., with net sales of $5.1 billion in 2024 [6]. - The company operates bakeries nationwide and produces a variety of bakery products under brands such as Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, and Tastykake [6]. Group 4: Underwriters - The offering is managed by BofA Securities, Deutsche Bank Securities, RBC Capital Markets, and Wells Fargo Securities as active book-running managers [3]. - Co-managers for the offering include PNC Capital Markets, Rabo Securities USA, Regions Securities, and Truist Securities [3]. Group 5: Regulatory Information - The offering is made under an automatic shelf registration statement filed with the SEC on August 21, 2023, and will be conducted via a prospectus supplement and accompanying base prospectus [4].