US Foods Announces Pricing of Private Offering of $500 Million of Senior Unsecured Notes
US Foods Holding Corp. (NYSE: USFD) has announced that its subsidiary, US Foods, Inc., has priced a private offering of $500 million in senior unsecured notes due 2033 with a 5.75% interest rate. The company plans to use the net proceeds to repay a portion of its outstanding term loan facility. The notes will be senior unsecured obligations of US Foods and guaranteed by its existing and future wholly-owned domestic subsidiaries that guarantee its term loan credit facility. The closing is scheduled for October 3, 2024, subject to customary conditions. The offering is exempt from SEC registration requirements and is only available to qualified institutional buyers in the US and certain non-US persons.
US Foods Holding Corp. (NYSE: USFD) ha annunciato che la sua controllata, US Foods, Inc., ha fissato un offerta privata di 500 milioni di dollari in note senior non garantite con scadenza nel 2033 e un tasso di interesse del 5,75%. L'azienda prevede di utilizzare i proventi netti per rimborsare una parte del suo prestito a termine in essere. Le note saranno obbligazioni senior non garantite di US Foods e garantite dalle sue sussidiarie domestiche attuali e future interamente di proprietà che garantiscono il suo prestito a termine. La chiusura è prevista per il 3 ottobre 2024, soggetta a condizioni consuete. L'offerta è esente dai requisiti di registrazione della SEC ed è disponibile solo per investitori istituzionali qualificati negli Stati Uniti e per alcune persone non statunitensi.
US Foods Holding Corp. (NYSE: USFD) ha anunciado que su filial, US Foods, Inc., ha fijado una oferta privada de 500 millones de dólares en notas senior no garantizadas que vencen en 2033 con un tasa de interés del 5,75%. La compañía planea utilizar los ingresos netos para pagar parte de su préstamo a plazo existente. Las notas serán obligaciones senior no garantizadas de US Foods y garantizadas por sus filiales nacionales futuras y existentes de propiedad total que garantizan su línea de crédito de préstamo a plazo. El cierre está programado para el 3 de octubre de 2024, sujeto a condiciones normales. La oferta está exenta de los requisitos de registro de la SEC y solo está disponible para compradores institucionales calificados en EE. UU. y ciertas personas no estadounidenses.
US Foods Holding Corp. (NYSE: USFD)는 자회사인 US Foods, Inc.가 5억 달러 규모의 만기 2033년인 고급 무담보 채권의 사모 발행 가격을 책정했다고 발표했다. 이 회사는 순수익을 기존의 일부 만기 대출금 상환을 위해 사용할 계획이다. 이 채권은 US Foods의 고급 무담보 채무이며, 만기 대출 채권을 보증하는 현재 및 미래의 전액 출자 자회사들이 보증한다. 거래는 2024년 10월 3일로 예정되어 있으며 관례적인 조건에 따릅니다. 이 발행은 SEC 등록 요건에서 면제되며, 미국 내 자격을 갖춘 기관 투자자와 특정 비미국인에게만 제공됩니다.
US Foods Holding Corp. (NYSE: USFD) a annoncé que sa filiale, US Foods, Inc., a fixé une offre privée de 500 millions de dollars en obligations senior non garanties arrivant à échéance en 2033 avec un taux d'intérêt de 5,75%. L'entreprise prévoit d'utiliser le produit net pour rembourser une partie de son prêt à terme en cours. Les obligations seront des obligations senior non garanties de US Foods et garanties par ses filiales domestiques entièrement détenues actuelles et futures qui garantissent sa ligne de crédit de prêt à terme. La clôture est prévue pour le 3 octobre 2024, sous réserve de conditions habituelles. L'offre est exemptée des exigences d'enregistrement de la SEC et n'est disponible que pour des acheteurs institutionnels qualifiés aux États-Unis et certaines personnes non américaines.
US Foods Holding Corp. (NYSE: USFD) hat bekannt gegeben, dass ihre Tochtergesellschaft, US Foods, Inc., ein privates Angebot über 500 Millionen US-Dollar in unbesicherten Senior-Anleihen mit Fälligkeit 2033 und einem Zinssatz von 5,75% festgelegt hat. Das Unternehmen plant, die Nettomittel zu verwenden, um einen Teil seiner ausstehenden Terminkreditfazilität zurückzuzahlen. Die Anleihen werden unbesicherte Verbindlichkeiten von US Foods sein und von ihren bestehenden und zukünftigen vollumfänglichen Tochtergesellschaften garantiert, die die Terminkreditfazilität garantieren. Der Abschluss ist für den 3. Oktober 2024 geplant, vorbehaltlich üblicher Bedingungen. Das Angebot ist von den SEC-Registrierungsanforderungen befreit und nur für qualifizierte institutionelle Käufer in den USA sowie für bestimmte nicht-US-Personen verfügbar.
- Successful pricing of $500 million senior unsecured notes offering
- Proceeds to be used for repaying a portion of term loan facility, potentially improving debt structure
- Notes offering provides additional liquidity and financial flexibility
- Increased long-term debt obligation with 5.75% interest rate
- Potential impact on future cash flows due to interest payments on new notes
Insights
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.
The Notes and the related guarantees thereof will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) in
This press release is for informational purposes only and does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes or any other securities, nor shall there be any sales of Notes or other securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No assurance can be made that the Offering will be consummated on its proposed terms or at all.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240927990835/en/
INVESTOR CONTACT:
Mike Neese
(847) 232-5894
Michael.Neese@usfoods.com
MEDIA CONTACT:
Sara Matheu
(773) 580-3775
Sara.Matheu@usfoods.com
Source: US Foods
FAQ
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