July 23, 2016 5:53 AM ET

Food and Staples Retailing

Company Overview of US Foods, Inc.

Company Overview

US Foods, Inc. operates as a foodservice distributor in the United States It offers a range of fresh, frozen and dry food, and non-food products with approximately 400,000 stock-keeping units. The company serves independently owned single and multi-unit restaurants, regional restaurant concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations. The company was formerly known as U.S. Foodservice, Inc. and changed its name to US Foods, Inc. in September 2011. US Foods, Inc. was founded in 1853 and is headquartered in Rosemont, Illinois. US Foods, Inc. operates as a subs...

9399 West Higgins Road

Suite 500

Rosemont, IL 60018

United States

Founded in 1853

25,000 Employees

Phone:

847-720-8000

Key Executives for US Foods, Inc.

Chief Executive Officer, President and Director
Age: 53
Chief Financial Officer and Director
Age: 50
Chief Compliance Officer, Executive Vice President, General Counsel and Director
Age: 51
Chief Supply Chain Officer
Age: 52
Senior Vice President of Food Safety and Quality Assurance
Compensation as of Fiscal Year 2016.

US Foods, Inc. Key Developments

US Foods, Inc. Announces Pricing of $600 Million Aggregate Principal Amount of 5.875% Senior Notes Due 2024

US Foods Holding Corp. announced that its direct, wholly-owned subsidiary, US Foods, Inc., has priced $600 million aggregate principal amount of 5.875% senior notes due 2024. US Foods intends to use the proceeds from the sale of the Notes, together with borrowings under a new senior secured term loan B facility (expected to be entered into concurrently with the issuance of the Notes) and proceeds from the initial public offering of US Foods Holding Corp., to repay its existing senior secured term loan B facility, to redeem its outstanding 8.50% senior notes due 2019, to repay its CMBS fixed facility and to pay related fees and expenses. Remaining proceeds, if any, may be used for other general corporate purposes. The Notes are being offered and sold in transactions exempt from registration under the Securities Act of 1933, as amended. The Notes and the guarantees will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. The Notes and the guarantees have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

Us Foods Holding Corp. Announces Commencement of Private Offering of $500 Million Aggregate Principal Amount of Senior Notes Due 2024 by US Foods, Inc

US Foods Holding Corp. announced the commencement of a private offering of $500 million aggregate principal amount of senior notes due 2024 (the Notes) by US Foods, Inc. (US Foods). The Notes will be guaranteed on a senior unsecured basis by US Foods’ wholly-owned domestic subsidiaries that guarantee its senior secured credit facilities. There can be no assurance that the proposed offering of Notes will be completed. US Foods intends to use the proceeds from the sale of the Notes, together with borrowings under a new senior secured term loan B facility (expected to be entered into concurrently with the issuance of the Notes) and proceeds from the initial public offering of US Foods Holding Corp., to repay its existing senior secured term loan B facility, to redeem its outstanding 8.50% senior notes due 2019, to repay its CMBS fixed facility and to pay related fees and expenses. Remaining proceeds, if any, may be used for other general corporate purposes.

US Foods Announces Debt Refinancing Transaction

US Foods Holdings Corp. announced that its direct, wholly owned subsidiary, US Foods, Inc. intends to pursue a refinancing of its existing Term Loan B Facility of $2,042 million, the $258 million aggregate principal amount of its existing Senior Notes expected to remain outstanding after giving effect to a partial redemption from IPO proceeds, and its existing CMBS Facility of $472 million. The transaction is expected to be financed through a $2,300 million seven-year Senior Secured Term Loan B Facility, additional unsecured senior indebtedness, and cash on hand. The targeted closing for the funding of the new financings is mid-to-late June.

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