EFTA Document EFTA01378345

INTERNAL USE ONLY DO NOT DISTRIBUTE IN PART OR IN WHOLE Corporate Credit > U.S. High Yield WhiteWave Foods Co. Updated: November 6, 2015 Trade Idea: Buy WhiteWave senior unsecured bond due October 2022. Investment Rationale: WhiteWave is a packaged foods manufacturer focusing on organic and animal/plant-based products. o Leading brands include Horizon Organic, Silk, Earthbound Farm, and International Delight. o Top-line growth trajectory is sound (+12% on an organic basis) and the bulk