secwatch.observer — SEC 8-K summary
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Issuer:     US Foods Holding Corp. (USFD)
CIK:        0001665918
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001387131-23-010109
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

US Foods lowers margin on $721.5M term loans to SOFR+2.50%, ABR+1.50%
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- Amended term loan agreement reduces interest rate spreads to 2.50% over Term SOFR and 1.50% over ABR for $721.5M.
- Issued $721.5M aggregate Repriced Term Loans to refinance all outstanding Incremental B-2021 Term Loans.
- Citibank, N.A. provided $61.5M as New Term Loan Lender; remaining lenders used cashless rollover option.
- Amendment reaffirms existing guarantees and collateral; terms otherwise unchanged from prior credit agreement.
- Effective August 22, 2023; margin reduction applies to term loans due November 22, 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1665918/000138713123010109/0001387131-23-010109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1665918/000138713123010109/usfd-8k_082223.htm
  HTML page:      https://secwatch.observer/filing/0001387131-23-010109

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