US Foods Holding To Raise $500M Via Debt Offering

  • US Foods Holding Corp USFD announced the pricing of a private offering of $500 million of its 4.625% senior unsecured notes due 2030 by its wholly-owned subsidiary, US Foods Inc.
  • The initial offering price to investors will be 100% of the principal amount thereof.
  • The company expects the offering to close on November 22, 2021.
  • US Foods intends to use the net proceeds to repay a portion of its outstanding term loans scheduled to mature on June 27, 2023.
  • Price Action: USFD shares closed lower by 0.06% at $34.49 on Tuesday.
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