UNITED NATURAL FOODS INC amended revolving credit of up to $2,400 million with Wells Fargo Bank, N.A. at Base Rate plus either (x) 0.125% ... or (y) 0.375% maturing April 1, 2031.
“ABL Lenders, and the other parties thereto, which provides for a secured asset-based revolving credit facility (the “Amended and Restated ABL Credit Facility”), of which up to $2,400 million is available to the Borrowers, including a U.S. Dollar equivalent of $100 million sublimit for borrowings in Canadian dollars, and a First In, Last Out (“FILO”) tranche of”
Material Agreements
UNITED NATURAL FOODS INC entered into Amended and Restated ABL Loan Agreement with Wells Fargo Bank, N.A. valued at up to $2,400 million (effective 2026-04-01).
“Effective April 1, 2026, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (collectively, the “U.S. Borrowers”) and UNFI Canada, Inc. (the “Canadian Borrower” and, together with the U.S. Borrowers, the “Borrowers”), entered into an amended and restated loan agreement (the “Amended and Restated ABL Loan Agreement”), by and among the Borrowers, the financial institutions that are parties thereto as lenders (collectively, the “ABL Lenders”), Wells Fargo Bank, N.A. as administrative agent for the ABL Lenders, and the other parties thereto, which provides for a secured asset-based revolving credit facility (the “Amended and Restated ABL Credit Facility”), of which up to $2,400 million is available to the Borrowers”
Denise M. Clark departed as director at UNITED NATURAL FOODS INC.
“On September 25, 2024, Denise M. Clark, a member of the board of directors (the “Board”) of United Natural Foods, Inc. (the “Company”), notified the Company that she will not seek reelection at the Company’s upcoming annual meeting of stockholders (the “Annual Meeting”).”
Erin Horvath departed as Chief Operating Officer at UNITED NATURAL FOODS INC.
“Erin Horvath will no longer serve as the Company’s Chief Operating Officer.”
Debt Financings
UNITED NATURAL FOODS INC incurred term loan of $130 million with Wells Fargo Bank, National Association at SOFR plus 2.50% per annum.
“The ABL Amendment provides for (i) the creation of a FILO tranche of $130 million with an Applicable Margin (as defined in the ABL Loan Agreement) rate equal to SOFR plus 2.50% per annum”
Debt Financings
UNITED NATURAL FOODS INC amended term loan of $500 million with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at 4.75% over SOFR maturing May 1, 2031.
“The Term Loan Amendment provides for (i) the reduction of the principal amount of the facility to $500 million, (ii) the extension of the maturity to May 1, 2031”
Material Agreements
UNITED NATURAL FOODS INC amended Amendment No. 1 to the ABL Loan Agreement with Wells Fargo Bank, National Association valued at $130 million (effective 2024-05-01).
“On May 1, 2024, the Company entered into Amendment No. 1 (the “ABL Amendment”) to the loan agreement dated June 3, 2022, by and among the Company, UNFI Canada, Inc., the financial institutions that are parties thereto as lenders, Wells Fargo Bank, National Association and the other parties thereto (the “ABL Loan Agreement”) to execute on a First In, Last Out (“FILO”) tranche of incremental loans under the ABL Loan Agreement.”
Material Agreements
UNITED NATURAL FOODS INC amended Amendment No. 4 to the Term Loan Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at $500 million (effective 2024-05-01).
“On May 1, 2024, United Natural Foods, Inc. (the “Company”), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the “Co-Borrowers” and, together with the Company, the “Borrowers”), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “Agent”), entered into Amendment No. 4 to the Term Loan Agreement (the “Term Loan Amendment”), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the “Term Loan Agreement”), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent.”
John W. Howard departed as Chief Financial Officer at UNITED NATURAL FOODS INC.
“In connection with the appointment of Mr. Tarditi, John W. Howard will no”
Giorgio Matteo Tarditi was appointed as President and Chief Financial Officer at UNITED NATURAL FOODS INC.
“appointed Giorgio Matteo Tarditi, 51, to the role of President and Chief Financial Officer, effective April 15, 2024”
Earnings Releases
UNITED NATURAL FOODS INC reported the second fiscal quarter ended January 27, 2024 results: revenue $7,775, net income Net loss of $15 million, EPS $(0.25).
“value creation.” Second Quarter Fiscal 2024 Summary 13-Week Period Ended Percent Change ($ in millions, except for per share data) January 27, 2024 January 28, 2023 Net sales $ 7,775 $ 7,816 (0.5) % Chains $ 3,266 $ 3,322 (1.7) % Independent retailers $ 1,907 $ 1,980 (3.7) % Supernatural $ 1,751 $ 1,659 5.5 % Retail $ 631 $ 660 (4.4) % Other $ 615 $ 609 1.0 %”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.