PFGC to offer $1.0B Senior Notes due 2032, amend ABL to $5B for Cheney Brothers deal

Performance Food Group Co

Intends to offer $1.0B aggregate principal amount of Senior Notes due 2032; proceeds plus ABL borrowings to fund Cheney Brothers acquisition.
Existing ABL facility to be amended: add $1.0B revolver for total $5.0B, extend maturity to 2029.
Cheney Brothers (12 mos ended May 31, 2024): net sales $3.3B, net income $74.4M, Adj EBITDA $159.4M.
José Santiago (acquired July 2, 2024; 12 mos ended June 30, 2024): net sales $385.6M, net income $46.2M, Adj EBITDA $47.4M.
Pro forma total debt post-transactions: $6.79B as of June 29, 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.