PFGC upsizes revolver to $5.0B, issues $1.0B 6.125% notes due 2032 for Cheney Bros. acquisition

Performance Food Group Co

Sixth Amended Credit Agreement increases revolving commitments from $4.0B to $5.0B, extends maturity to Sept. 9, 2029.
Issued $1.0B of 6.125% Senior Notes due Sept. 15, 2032; proceeds to partly fund Cheney Bros. acquisition.
New credit facility provides $1.0B uncommitted incremental capacity and includes a $375M fixed charge coverage trigger.
Notes are guaranteed by PFGC, Inc. and material domestic subsidiaries; redemption prices start at 103.063% after Sept. 2027.
Wells Fargo serves as administrative agent; J.P. Morgan, BofA, BMO, Capital One, Rabobank as syndication agents.

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