September 25, 2016 8:30 PM ET

Food and Staples Retailing

Company Overview of United Natural Foods West, Inc.

Company Overview

United Natural Foods West, Inc. distributes organic and natural food products. It was formerly known as Mountain Peoples Warehouse, Inc. The company was founded in 1976 and is based in Rocklin, California. United Natural Foods West, Inc. operates as a subsidiary of United Natural Foods, Inc.

1101 Sunset Boulevard

Rocklin, CA 95765-3710

United States

Founded in 1976

Phone:

916-625-4100

Fax:

916-625-4192

Key Executives for United Natural Foods West, Inc.

United Natural Foods West, Inc. does not have any Key Executives recorded.

United Natural Foods West, Inc. Key Developments

United Natural Foods, Inc., United Natural Foods West, Inc. and UNFI Canada, Inc. Amend Senior Secured Credit Facility

On April 29, 2016, United Natural Foods, Inc. amended and restated its senior secured credit facility pursuant to the terms of a Third Amended and Restated Loan and Security Agreement by and among the company and United Natural Foods West, Inc. and UNFI Canada, Inc., the financial institutions that are parties thereto as lenders, Bank of America, N.A. as administrative agent for the Lenders, Bank of America, N.A. (acting through its Canada branch), as Canadian agent for the Lenders and the other parties thereto. The Credit Agreement provides for a senior secured revolving loan facility of up to an aggregate amount of $900.0 million of which up to (i) $850.0 million is available to the U.S. Borrowers and (ii) $50.0 million is available to the Canadian Borrower. The Credit Agreement also provides for (i) a $50.0 million sublimit of availability for letters of credit of which there is a further $4.0 million sublimit for the Canadian Borrower, and (ii) a $45.0 million sublimit for short-term borrowings on a swingline basis of which there is a further $3.5 million sublimit for the Canadian Borrower. Under the Credit Agreement, the Borrowers may, at their option, increase the aggregate amount of the Credit Facility in an amount of up to $600.0 million (but in not less than $10.0 million increments) without the consent of any Lenders not participating in such increase, subject to certain customary conditions and Lenders committing to provide the increase in funding. There can be no assurance that additional funding would be available. Availability under the Credit Facility is subject to a borrowing base (the “Borrowing Base”), which is based on 90% of eligible accounts receivable plus 90% of the net orderly liquidation value of eligible inventory of the Borrowers, after adjusting for customary reserves that are subject to the Administrative Agent’s discretion. The aggregate amount of the Loans made and letters of credit issued under the Credit Facility shall at no time exceed the lesser of the Credit Facility amount ($900.0 million or, if increased at the Borrowers’ option as described above, up to $1.5 billion) or the Borrowing Base. To the extent that the Borrowers’ eligible accounts receivable and eligible inventory decline, the Borrowing Base will decrease, and the availability under the Credit Facility may decrease below $900.0 million. The commitments under the Credit Facility expire on April 29, 2021, and any Loans then outstanding will be payable in full at that time.

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