US Foodservice eyes $200 million tap of 8½% notes due 2019 for pricing Friday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Jan. 11 - US Foodservice Inc. is planning a $200 million add-on to its 8½% senior notes due June 30, 2019 (expected ratings Caa2/CCC+) on Friday, a market source said.

Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and KKR are banks on the deal.

The notes will be an add-on to the Rule 144A tranche only, and proceeds will be used to redeem a portion of the company's existing senior subordinated notes due 2017.

The Columbia, Md.-based broadline foodservice distributor sold the original $400 million issue at par in May 2011, and a previous $175 million add-on priced at 101.5 to yield 8.098% on Dec. 19, 2012.

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