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US Foods will repay term loans due 2025 from new notes
Chicago, Jan. 25 – US Foods, Inc. will use proceeds from an upsized offering of new notes to repay senior secured term loans due April 24, 2025, according to a press release.
The company priced a $900 million offering of new 4¾% eight-year notes on Monday.
The issue was upsized from $600 million.
Proceeds were initially earmarked for a repayment of the company’s 5 7/8% senior notes due 2024.
With the upsizing, the term loan repayment was added.
The issuer is a Rosemont, Ill.-based foodservice distributor.
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