debt
confidence high
sentiment neutral
materiality 0.55
PFG subsidiary plans $1.06B senior notes offering to refinance 2027 notes
Performance Food Group Co
- Indirect subsidiary Performance Food Group, Inc. intends to offer $1.06B aggregate principal of Senior Notes due 2034.
- Net proceeds together with revolver borrowings will redeem all outstanding 5.500% Senior Notes due 2027.
- Notes to be guaranteed by parent PFGC, Inc. and its material domestic restricted subsidiaries.
- Offering is exempt from SEC registration, sold only to QIBs and non-U.S. persons under Rule 144A/Regulation S.