September 28, 2016 10:39 PM 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 and Avero Introduce New Solution for Managing Food Costs

US Foods and Avero introduced a new product that makes the challenging job of running a restaurant kitchen easier – Avero Food Cost Management (FCM). Avero FCM easily integrates with a restaurant’s point of sale system to give a seamless, digital look into food cost data and real-time inventory information. It also provides predictive sales forecasts and purchase quantity suggestions that tell restaurant operators exactly what they need to order, and when they need to order it. The US Foods and Avero partnership means that US Foods customers’ product lists and purchase trends are automatically loaded into Avero FCM based on historical purchases and invoices. All new US Foods orders can be placed quickly through Avero FCM, and customers’ inventory is automatically updated with the new purchases once they are received, saving operators hours each week. Additionally, the new product streamlines inventory counting and waste tracking. Avero Food Cost Management is an affordable solution that can benefit all US Foods customers.

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.

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