Latham & Watkins Advises on US Foods’ Private Offering of US$1.0 Billion of Senior Unsecured Notes

US Foods Holding Corp. (NYSE: USFD), a leading American food service distributor, has announced the pricing of a private offering of US$500 million aggregate principal amount of its 6.875% senior unsecured notes due 2028 and US$500 million aggregate principal amount of its 7.250% senior unsecured notes due 2032 by its direct, wholly owned subsidiary, US Foods, Inc. The initial offering price to investors will be 100% of the principal amount thereof for the 2028 Notes and 100% of the principal amount thereof for the 2032 Notes. The Offering is expected to close on September 25, 2023, subject to customary closing conditions.

Latham & Watkins LLP represents the initial purchasers in the offering with a capital markets team led by partner Jason Licht and counsel Christopher Cronin, with special legal consultant Concepcion Olivera and associate Thalia Garcia. Advice was provided on tax matters by partner Elena Romanova, with associate Michael Yu.