Latham & Watkins Advises on Performance Food Group Company’s US$1.06 Billion Senior Notes Offering

Performance Food Group Company (PFG) (NYSE: PFGC) has announced that its indirect wholly owned subsidiary, Performance Food Group, Inc., priced an offering of US$1.06 billion aggregate principal amount of 5.625% Senior Notes due 2034. PFG anticipates that the consummation of the offering will occur on February 19, 2026, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all of the issuer’s outstanding 5.500% Senior Notes due 2027, including to pay fees and expenses related thereto. The notes will be guaranteed by PFGC, Inc., the issuer’s direct parent company, and each of the parent’s existing and future material wholly owned domestic restricted subsidiaries, subject to certain exceptions.

Latham & Watkins LLP represents the initial purchasers in the transaction with a Capital Markets team led by New York partners Keith Halverstam and Benjamin Stern, with associates Kathleen Mehary, Ari Anderson, and Justin Deuell. Advice was also provided on ERISA matters by New York partner Austin Ozawa; on FDA regulatory matters by Washington, D.C. counsel Chad Jennings; and on tax matters by Chicago partners Michael Zucker and Diana Doyle.