debt
confidence high
sentiment neutral
materiality 0.65
PFG prices $1.0B of 6.125% Senior Notes due 2032 for Cheney Bros acquisition
Performance Food Group Co
- PFG priced $1.0B aggregate principal of 6.125% Senior Notes due 2032 on Sept 4, 2024.
- Closing of offering expected on Sept 12, 2024, subject to customary closing conditions.
- Proceeds, together with revolver borrowings, to finance cash consideration for Cheney Bros acquisition and fees.
- Notes will be guaranteed by PFGC, Inc. (parent) and its material domestic restricted subsidiaries.
- Notes offered to QIBs under Rule 144A and non-U.S. investors under Reg S; unregistered.