secwatch.observer — SEC 8-K summary
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Issuer:     Performance Food Group Co (PFGC)
CIK:        0001618673
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001193125-24-212690
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618673/000119312524212690/0001193125-24-212690-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618673/000119312524212690/d847238d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-212690

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