US Foods to repay senior secured term loan via new notes, term loan

By Marisa Wong

Morgantown, W.Va., June 13 – US Foods Holding Corp. said it intends to repay its existing senior secured term loan B facility using proceeds from an offering of senior notes, together with borrowings under a new senior secured term loan B facility.

The company expects to enter into the new facility concurrently with the issuance of the new notes, according to a filing with the Securities and Exchange Commission.

The company will also use funds to redeem its 8½% senior notes due 2019 and repay its CMBS fixed facility, according to a press release.

The foodservice distributor is based in Rosemont, Ill.

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