debt
confidence high
sentiment neutral
materiality 0.55
US Foods prices $1.0B senior unsecured notes to refinance 2025 secured notes
US Foods Holding Corp.
- $500M of 6.875% notes due 2028 and $500M of 7.250% notes due 2032, both at 100% of par.
- Proceeds used to redeem all outstanding 6.250% senior secured notes due 2025 plus fees.
- Offering expected to close on September 25, 2023, subject to customary conditions.
- Notes offered privately to QIBs and non-U.S. persons; exempt from registration.