US Foods Announces Pricing Of Private Offering Of $500M Aggregate Principal Amount Of 5.75% Senior Unsecured Notes Due 2033

Benzinga · 09/27 20:09

US Foods Holding Corp. (NYSE:USFD) today announced that its wholly-owned subsidiary, US Foods, Inc. ("US Foods"), has priced the previously announced notes offering and has agreed to issue and sell $500 million aggregate principal amount of 5.75% senior unsecured notes due 2033 (the "Notes").

US Foods intends to use the net proceeds of the Notes offering to repay a portion of the amounts outstanding under its term loan facility. The Notes will be the senior unsecured obligations of US Foods and will be guaranteed by all of US Foods' existing and future wholly-owned domestic subsidiaries that guarantee US Foods' obligations under its existing term loan credit facility. The closing of the sale of the Notes is scheduled for October 3, 2024, subject to customary closing conditions.