US Food items Announces Non-public Offering of $600 Million of Senior Unsecured Notes

US Food items Holding Corp. (NYSE: USFD) nowadays declared the graduation of a personal providing (the “Offering”) of $600 million combination principal quantity of senior unsecured notes owing 2029 (the “Notes”) by its direct, wholly-owned subsidiary, US Foods, Inc. (“US Foods”), subject matter to sector and other circumstances.

US Meals intends to use the web proceeds of the Offering, collectively with income on hand, to fund the redemption of its remarkable 5.875% senior unsecured notes because of 2024.

The Notes and the assures thereof will be available in a private featuring exempt from the registration necessities of the Securities Act of 1933, as amended (the “Securities Act”). The Notes and the assures thereof will be presented only to persons fairly believed to be capable institutional buyers pursuant to Rule 144A below the Securities Act and to non-U.S. folks exterior the United States in reliance on Regulation S below the Securities Act.

The Notes and the ensures thereof have not been registered underneath the Securities Act and might not be available or offered in the United States absent registration or an relevant exemption from the registration prerequisites of the Securities Act and applicable condition regulations.

This push release does not represent an give to sell, or the solicitation of an offer to buy, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which these kinds of provide, solicitation or sale would be unlawful prior to registration or qualification below the securities laws of any this kind of condition or jurisdiction. No assurance can be designed that the Giving will be consummated on its proposed terms or at all.


About US Foods

US Foodstuff is 1 of America’s wonderful meals companies and a primary foodservice distributor, partnering with somewhere around 300,000 places to eat and foodservice operators to enable their companies triumph. With 70 broadline destinations and 78 funds and have stores, US Foods offers its buyers with a broad and impressive meals presenting and a in depth suite of e-commerce, engineering and enterprise solutions. US Foodstuff is headquartered in Rosemont, Sick. Take a look at www.usfoods.com to discover much more.

Forward-On the lookout Statements

Statements in this push release which are not historical in character are “ahead-searching statements” in the this means of the federal securities guidelines, which includes statements concerning the Featuring and the meant use of the proceeds thereof. These statements frequently include phrases this sort of as “think,” “anticipate,” “job,” “anticipate,” “intend,” “prepare,” “outlook,” “estimate,” “goal,” “look for,” “will,” “may perhaps,” “would,” “ought to,” “could,” “forecast,” “mission,” “attempt,” “much more,” “intention,” or equivalent expressions and are dependent on various assumptions and our encounter in the field, as perfectly as historical traits, existing problems, and anticipated upcoming developments. Nevertheless, you really should fully grasp that these statements are not guarantees of effectiveness or results and there are a quantity of challenges, uncertainties and other factors that could bring about our true benefits to differ materially from those expressed in the ahead-wanting statements, which includes, between many others, any declines in the usage of foodstuff organized away from property the extent and period of the adverse effects of the COVID-19 pandemic on us expense inflation/deflation and commodity volatility level of competition reliance on third-occasion suppliers and interruption of item offer or improves in item expenses dangers connected to our indebtedness, together with our significant sum of credit card debt, our ability to incur significantly much more financial debt, our potential inability to deliver sufficient funds flows to assistance our debt and improves in our fascination prices constraints and limits put on us by our agreements and devices governing our credit card debt adjustments in our interactions with consumers and team buying organizations our capacity to increase or retain product sales to the optimum margin parts of our business enterprise helpful integration of acquired corporations achievement of expected positive aspects from price tag financial savings initiatives increases in fuel expenditures financial components impacting customer assurance and discretionary investing variations in consumer ingesting habits our name in the marketplace labor relations and prices and ongoing obtain to certified and numerous labor price and pricing structures changes in tax regulations and polices and resolution of tax disputes environmental, well being and security and other governmental restrictions, such as steps taken by national, state and local governments to comprise the COVID-19 pandemic, these types of as vacation restrictions or bans, social distancing necessities, and required closures of non-crucial businesses products recalls and merchandise liability promises adverse judgments or settlements ensuing from litigation disruption of present systems and implementation of new technologies cybersecurity incidents and other technological know-how disruptions administration of retirement rewards and pension obligations serious weather conditions circumstances, organic disasters and other catastrophic activities, together with pandemics and the quick distribute of contagious sicknesses and pitfalls involved with mental house, which includes probable infringement. For a in depth discussion of these hazards, uncertainties and other factors, see the portion entitled “Hazard Factors” in our Yearly Report on Kind 10-K for the fiscal yr finished December 28, 2019, which was filed with the SEC on February 13, 2020 and our Quarterly Report on Form 10-Q for the fiscal quarter finished September 26, 2020, which was filed with the SEC on November 2, 2020. The forward-looking statements contained in this push launch converse only as of the day of this push release. We undertake no obligation to update or revise any ahead-searching statements, except as may possibly be necessary by law. We might not consummate the Presenting and, if the Presenting is consummated, we can’t present any assurances relating to the closing conditions of the Supplying or our means to correctly utilize the internet proceeds as explained earlier mentioned.

Perspective source variation on businesswire.com: https://www.businesswire.com/information/residence/20210125005409/en/