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Latham & Watkins Represents Initial Purchasers in Performance Food Group’s Upsized US$1 Billion Senior Notes Offering

July 28, 2021
Capital markets team advised on the offering by the foodservice distribution leader.

Performance Food Group Company, a foodservice distribution leader, closed on July 26, 2021 the offering of US$1 billion aggregate principal amount of 4.20% Senior Notes due 2029 by its indirect wholly-owned subsidiary, Performance Food Group, Inc. The offering was upsized from the previously announced offering size of US$780 million. PFG intends to use the net proceeds from the offering, along with other financing sources, to finance the cash consideration payable in connection with PFG’s previously announced acquisition of Core-Mark Holding Company, Inc., redeem its 5.5% Senior Notes due 2024 and pay related fees and expenses.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by New York partners Keith Halverstam, Marc Jaffe, and Benjamin Stern, with associates Jonathan Guest, Victoria McGrath, and Alexandra Kustra.