Dean Foods Company · Bankruptcy · 2019 · 6.500% Senior Notes due 2023

Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?

Question 1 · Deliverability

Verified answer

Eligible

Basis. All 7 checks pass on the record: the issuer is the Reference Entity, the instrument meets the Maximum Maturity, Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics, and it is Not Contingent.

Source clauses

Indenture of 2015-02-25

Sections 3.01 (Terms) and 3.02 (Denominations)
Exhibit A, form of face of Note
Exhibit A, form of face of Note (payment)
Exhibit A, reverse of Note, paragraph 1 (Indenture)
Exhibit A, reverse of Note, paragraphs 5–6 (Subsidiary Guarantees; Denominations, Transfer, Exchange)

How it was checked · 2 checks

Rule re-applied. All 7 checks, and the check that the core facts are present, re-applied to the stored facts give the same results as the code-only Mastermind v3 run of 2026-09-25 (deterministic extraction, no model).
Quote verified. Every quoted clause (4 facts) appears verbatim in its cited section.

About this question

The instrument is a Deliverable Obligation when every check passes. Each check has its own question on this case; the source clauses behind them are marked in the documents below.

These checks are CDSBench's provisional reading of the 2014 ISDA Credit Derivatives Definitions, not legal advice.

Instrument: 6.500% Senior Notes due 2023

Source documents

The case record. Sections behind the verified answer are marked.

DOC-1 Dean Foods 8-K filed 2019-11-12, Item 1.03 Bankruptcy (and Item 2.04), petition 2019-11-12excerpts
DOC-2 Indenture dated February 25, 2015, 6.500% Senior Notes due 2023 (EX-4.1)excerpts

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Is the instrument a Deliverable Obligation for this credit event, on 7 checks: the issuer is the Reference Entity; the Maximum Maturity (30 years), Specified Currency, Not Subordinated, Not Bearer and Transferable characteristics; and Not Contingent?

Source documents

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