US Foods Raises $1B Through Debt Offering
Portfolio Pulse from Shivani Kumaresan
US Foods Holding Corp (USFD) has initiated a private offering of $1.0 billion in notes, consisting of senior unsecured notes due 2028 and 2023. The proceeds will be used to redeem its outstanding 6.250% senior secured notes due 2025. The company also revised its FY23 outlook for adjusted EPS to $2.55-$2.65 from $2.45 - $2.65.
September 11, 2023 | 3:09 pm
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US Foods is raising $1B through a debt offering to redeem its outstanding notes. The company also revised its FY23 EPS outlook.
The debt offering will help US Foods redeem its outstanding notes, which could improve its financial stability. However, the revised EPS outlook could indicate potential challenges in profitability, which might affect investor sentiment. The net impact on the stock price is uncertain in the short term.
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