US Foodstuff Announces Personal Providing of $600 Million of Senior Unsecured Notes

US Foods Keeping Corp. (NYSE: USFD) right now introduced the graduation of a private supplying (the “Offering”) of $600 million aggregate principal sum of senior unsecured notes because of 2029 (the “Notes”) by its direct, wholly-owned subsidiary, US Foodstuff, Inc. (“US Foods”), topic to current market and other circumstances.

US Food items intends to use the web proceeds of the Giving, together with hard cash on hand, to fund the redemption of its excellent 5.875% senior unsecured notes thanks 2024.

The Notes and the ensures thereof will be made available in a personal offering exempt from the registration needs of the Securities Act of 1933, as amended (the “Securities Act”). The Notes and the assures thereof will be available only to people reasonably considered to be qualified institutional customers pursuant to Rule 144A below the Securities Act and to non-U.S. people outside the house the United States in reliance on Regulation S below the Securities Act.

The Notes and the ensures thereof have not been registered under the Securities Act and may perhaps not be presented or marketed in the United States absent registration or an applicable exemption from the registration demands of the Securities Act and applicable condition laws.

This press release does not represent an supply to market, or the solicitation of an offer to purchase, the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which this sort of supply, solicitation or sale would be illegal prior to registration or qualification under the securities guidelines of any this kind of state or jurisdiction. No assurance can be produced that the Providing will be consummated on its proposed terms or at all.


About US Foods

US Foods is just one of America’s terrific food stuff companies and a main foodservice distributor, partnering with roughly 300,000 dining places and foodservice operators to enable their corporations do well. With 70 broadline spots and 78 funds and carry retailers, US Foodstuff supplies its customers with a wide and revolutionary meals providing and a detailed suite of e-commerce, technology and enterprise remedies. US Foods is headquartered in Rosemont, Sick. Pay a visit to www.usfoods.com to study extra.

Ahead-Hunting Statements

Statements in this press launch which are not historical in character are “forward-looking statements” within the this means of the federal securities laws, which include statements relating to the Presenting and the intended use of the proceeds thereof. These statements typically incorporate terms these as “feel,” “hope,” “task,” “foresee,” “intend,” “strategy,” “outlook,” “estimate,” “goal,” “request,” “will,” “may possibly,” “would,” “really should,” “could,” “forecast,” “mission,” “attempt,” “extra,” “intention,” or very similar expressions and are centered upon different assumptions and our knowledge in the business, as properly as historic tendencies, present problems, and envisioned long run developments. Having said that, you ought to recognize that these statements are not guarantees of efficiency or benefits and there are a amount of risks, uncertainties and other factors that could induce our actual effects to vary materially from those expressed in the ahead-searching statements, including, amid other individuals, any declines in the intake of food ready away from dwelling the extent and period of the adverse impression of the COVID-19 pandemic on us expense inflation/deflation and commodity volatility opposition reliance on 3rd-social gathering suppliers and interruption of solution source or improves in product charges risks connected to our indebtedness, such as our significant total of personal debt, our skill to incur substantially far more personal debt, our opportunity inability to crank out enough cash flows to assistance our financial debt and improves in our interest prices restrictions and constraints placed on us by our agreements and instruments governing our financial debt modifications in our interactions with prospects and team acquiring corporations our ability to raise or maintain sales to the optimum margin portions of our business enterprise successful integration of obtained corporations accomplishment of expected benefits from price cost savings initiatives will increase in fuel fees economic aspects influencing client self-assurance and discretionary investing improvements in customer ingesting practices our popularity in the sector labor relations and fees and continued entry to skilled and varied labor value and pricing constructions improvements in tax laws and regulations and resolution of tax disputes environmental, well being and safety and other governmental regulations, which includes actions taken by countrywide, point out and regional governments to incorporate the COVID-19 pandemic, these as vacation restrictions or bans, social distancing demands, and required closures of non-vital corporations product recalls and item legal responsibility statements adverse judgments or settlements ensuing from litigation disruption of current systems and implementation of new systems cybersecurity incidents and other technologies disruptions management of retirement gains and pension obligations excessive climate conditions, purely natural disasters and other catastrophic situations, which include pandemics and the quick spread of contagious illnesses and dangers linked with mental home, such as prospective infringement. For a in-depth dialogue of these threats, uncertainties and other components, see the portion entitled “Risk Factors” in our Yearly Report on Sort 10-K for the fiscal 12 months finished December 28, 2019, which was filed with the SEC on February 13, 2020 and our Quarterly Report on Variety 10-Q for the fiscal quarter finished September 26, 2020, which was filed with the SEC on November 2, 2020. The forward-wanting statements contained in this push launch communicate only as of the date of this push launch. We undertake no obligation to update or revise any ahead-looking statements, apart from as may perhaps be necessary by law. We could not consummate the Supplying and, if the Giving is consummated, we can not deliver any assurances with regards to the remaining terms of the Supplying or our capacity to efficiently apply the web proceeds as described previously mentioned.

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