US Foods Holding Corp. (NYSE: USFD) has announced a private offering of $500 million in senior unsecured notes due 2033 by its wholly-owned subsidiary, US Foods, Inc. The company intends to utilize the net proceeds from the offering to repay a portion of the amounts outstanding under its term loan facility.
This offering is being conducted in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, in the United States. The Notes and the related guarantees are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
It is important to note that the Notes and the related guarantees have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
This press release serves solely for informational purposes and does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes or any other securities.
The company has emphasized that no assurance can be made regarding the consummation of the Offering on its proposed terms or at all. Following these announcements, the company's shares moved -4.2%, and are now trading at a price of $60.16. If you want to know more, read the company's complete 8-K report here.
