debt
confidence high
sentiment neutral
materiality 0.50
US Foods prices $810M senior secured term loan due 2033, refinancing 2028 and 2031 term tranches
US Foods Holding Corp.
- US Foods, Inc. entered the Fourteenth Amendment on Oct 2, 2026 to its 2016 term loan credit agreement, creating an $810M term loan tranche maturing Oct 2, 2033.
- Proceeds plus cash on hand repay in full term loans due Nov 22, 2028, prepay part of loans due Oct 3, 2031, prepay ABL revolver borrowings, and pay fees.
- Interest is Term SOFR + 1.50% or alternative base rate + 0.50%; loans amortize 1% per year in quarterly installments with the balance due at maturity.
- The deal also prepays $100M of principal on the Replacement B-2024 Term Loan, covering its remaining scheduled amortization before maturity.
- Voluntary prepayment is permitted without penalty except a 1.00% premium on repricing transactions within six months; obligations are secured by subsidiary stock and non-real estate assets.