US Foods Announces Private Offering of $500 Million of Senior Unsecured Notes
US Foods Holding Corp. (NYSE: USFD) has announced that its subsidiary, US Foods, Inc., plans to offer $500 million in senior unsecured notes due 2033, subject to market conditions. The company intends to use the net proceeds to repay a portion of its term loan facility. The notes will be offered privately to qualified institutional buyers in the US under Rule 144A and internationally under Regulation S of the Securities Act.
The offering is exempt from registration requirements, and the notes have not been registered under the Securities Act or state securities laws. This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation to purchase the notes. The company cannot guarantee that the offering will be completed as proposed or at all.
US Foods Holding Corp. (NYSE: USFD) ha annunciato che la sua filiale, US Foods, Inc., prevede di offrire 500 milioni di dollari in note senior non garantite con scadenza nel 2033, soggette alle condizioni di mercato. L'azienda intende utilizzare i proventi netti per ripagare una parte della sua linea di prestiti a termine. Le note saranno offerte privatamente a investitori istituzionali qualificati negli Stati Uniti ai sensi della Regola 144A e a livello internazionale secondo il Regolamento S della Securities Act.
L'offerta è esente dai requisiti di registrazione e le note non sono state registrate ai sensi della Securities Act o delle leggi statali sui titoli. Questo annuncio è solo a scopo informativo e non costituisce un'offerta di vendita o una sollecitazione all'acquisto delle note. L'azienda non può garantire che l'offerta sarà completata come previsto o affatto.
US Foods Holding Corp. (NYSE: USFD) ha anunciado que su subsidiaria, US Foods, Inc., planea ofrecer 500 millones de dólares en notas senior no garantizadas con vencimiento en 2033, sujeto a las condiciones del mercado. La empresa tiene la intención de utilizar los ingresos netos para pagar una parte de su préstamo a largo plazo. Las notas se ofrecerán de forma privada a compradores institucionales calificados en EE. UU. bajo la Regla 144A y a nivel internacional bajo la Regulación S de la Ley de Valores.
La oferta está exenta de requisitos de registro y las notas no han sido registradas bajo la Ley de Valores ni las leyes estatales de valores. Este anuncio es solo para fines informativos y no constituye una oferta de venta ni una solicitud para comprar las notas. La empresa no puede garantizar que la oferta se completará como se propuso o en absoluto.
US Foods Holding Corp. (NYSE: USFD)는 자회사 US Foods, Inc.가 2033년 만기인 5억 달러의 고위험 무담보 채권을 제공할 계획임을 발표했습니다, 이는 시장 조건에 따라 달라질 수 있습니다. 회사는 순수익을 정기 대출 시설의 일부를 상환하는 데 사용할 계획입니다. 채권은 미국에서 적격 기관 투자자에게 비공식적으로 제공되며, 미국 증권법의 규정 S에 따라 국제적으로도 제공합니다.
이 제안은 등록 요건에서 면제되며, 채권은 증권법이나 주 증권법에 따라 등록되지 않았습니다. 이 발표는 정보 제공 목적으로만 이루어지며, 채권을 판매하겠다는 제안이나 구매를 요청하는 것이 아닙니다. 회사는 해당 제안이 계획대로 완료되거나 전혀 이루어질 것이라고 보장할 수 없습니다.
US Foods Holding Corp. (NYSE: USFD) a annoncé que sa filiale, US Foods, Inc., prévoit d'offrir 500 millions de dollars en obligations senior non garanties échéant en 2033, sous réserve des conditions du marché. L'entreprise a l'intention d'utiliser les produits nets pour rembourser une partie de son prêt à terme. Les obligations seront offertes de manière privée à des acheteurs institutionnels qualifiés aux États-Unis en vertu de la Règle 144A et internationalement selon le Règlement S de la Loi sur les valeurs mobilières.
Cette émission est exemptée des exigences d'enregistrement et les obligations n'ont pas été enregistrées en vertu de la Loi sur les valeurs mobilières ou des lois sur les valeurs mobilières des États. Cette annonce est uniquement à des fins d'information et ne constitue pas une offre de vente ou une sollicitation d'achat des obligations. L'entreprise ne peut garantir que l'émission sera réalisée comme proposé ou pas du tout.
US Foods Holding Corp. (NYSE: USFD) hat bekannt gegeben, dass ihre Tochtergesellschaft, US Foods, Inc., plant, 500 Millionen Dollar an unbesicherten vorrangigen Anleihen mit Fälligkeit 2033 anzubieten, vorbehaltlich der Marktbedingungen. Das Unternehmen beabsichtigt, die Nettomittel zur Rückzahlung eines Teils seiner langfristigen Darlehensfazilität zu verwenden. Die Anleihen werden privat an qualifizierte institutionelle Käufer in den USA gemäß Regel 144A und international gemäß der Regulierung S des Wertpapiergesetzes angeboten.
Die Emission ist von Registrierungspflichten befreit, und die Anleihen sind nicht unter dem Wertpapiergesetz oder staatlichen Wertpapiergesetzen registriert. Diese Ankündigung dient nur Informationszwecken und stellt kein Angebot zum Verkauf oder eine Aufforderung zum Kauf der Anleihen dar. Das Unternehmen kann nicht garantieren, dass die Emission wie vorgeschlagen oder überhaupt abgeschlossen wird.
- Potential reduction of term loan facility debt
- Diversification of debt structure with long-term notes
- Increase in overall debt load
- Potential impact on interest expenses
Insights
US Foods' decision to offer
However, investors should note that this move increases the company's overall debt load, which could impact its financial flexibility and credit ratings. The success of this offering will largely depend on the interest rate US Foods can secure, given the current market conditions and the company's credit profile.
With a market cap of
The private offering structure of these notes is important from a legal and regulatory perspective. By offering the notes under Rule 144A and Regulation S, US Foods is able to bypass the more stringent registration requirements of a public offering. This approach typically allows for a faster and more cost-effective capital raise.
However, this also means that the notes will be initially to qualified institutional buyers in the U.S. and non-U.S. persons abroad, restricting the potential investor base. The company's explicit statements about the notes not being registered under the Securities Act or state securities laws are standard legal disclaimers to prevent any misunderstanding about the nature of the offering.
Investors should be aware that these unregistered securities may have less liquidity in the secondary market compared to registered securities. Additionally, the company's cautionary language about the offering's completion suggests that there are still conditions to be met before the deal is finalized, which introduces some uncertainty into the process.
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/20240926095962/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
What is the purpose of US Foods' $500 million senior unsecured notes offering?
When are the US Foods (USFD) senior unsecured notes due?
How will US Foods (USFD) offer the $500 million in senior unsecured notes?
Are the US Foods (USFD) senior unsecured notes registered under the Securities Act?
