US Foods Announces Pricing Of Private Offering Of $500M Aggregate Principal Amount Of 5.75% Senior Unsecured Notes Due 2033
Portfolio Pulse from Benzinga Newsdesk
US Foods Holding Corp. has announced the pricing of a $500 million private offering of 5.75% senior unsecured notes due 2033. The proceeds will be used to repay part of its term loan facility.
September 27, 2024 | 8:09 pm
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US Foods Holding Corp. has priced a $500 million offering of 5.75% senior unsecured notes due 2033. The proceeds will be used to repay part of its term loan facility, potentially improving its debt profile.
The issuance of senior unsecured notes allows US Foods to manage its debt more effectively by repaying part of its term loan facility. This could improve the company's financial stability and reduce interest expenses, which is positive for investors.
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