US Foods announces secondary offering by KKR and $150M share repurchase at $39.90/share

US Foods Holding Corp.

KKR Fresh Holdings selling 17,425,053 shares in secondary offering at $39.90 per share; US Foods receives no proceeds.
US Foods to repurchase ~$150M of offered shares concurrently at same price; repurchase conditional on offering completion.
Upon closing, KKR will no longer own any US Foods common stock or Series A Convertible Preferred Stock.
Offering expected to close on May 26, 2023; Morgan Stanley sole underwriter.

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