Performance Food Group Company (NYSE:PFGC) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
On August3, 2017, PFGC, Inc. and Performance Food Group, Inc., each a wholly-owned subsidiary of Performance Food Group Company (the “Company”), entered into the First Amendment to Second Amended and Restated Credit Agreement (the “Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto, which amends the Second Amended and Restated Credit Agreement (the “ABL Facility”), dated February1, 2016, with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders from time to time party thereto. The Amendment amended the ABL Facility by, among other things, (i)increasing the aggregate principal amount under the ABL Facility from $1.6billion to $1.95billion by increasing Tranche A Commitments by $325,000,000 and the Tranche A-1 Commitments by $25,000,000 and (ii)maintaining the level of additional commitments permitted, excluding the additional commitments effected to the Amendment, at $800,000,000 under uncommitted incremental facilities.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 hereto and incorporated into this Item 1.01 by reference.
| Item 1.01 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The information set forth in Item 1.01 above is incorporated herein by reference.
| Item 1.01. | Financial Statements and Exhibits. |
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Exhibit |
Description |
| 10.1 | First Amendment to Second Amended and Restated Credit Agreement, dated August3, 2017, among Performance Food Group, Inc., the other borrowers thereto, and Wells Fargo, National Association. |
Performance Food Group Co ExhibitEX-10.1 2 d425539dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”),…To view the full exhibit click here
About Performance Food Group Company (NYSE:PFGC)
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products. It sells to independent or street, and multi-unit or chain, restaurants and other institutions. Its PFG Customized segment provides service to family and casual dining restaurant chains, and fast casual and quick service restaurant chains. Its Vistar segment specializes in distributing candy, snacks, beverages and other items nationally to the vending, office coffee service, theater, hospitality and other channels. Its products include a range of frozen foods, such as meats, fully prepared appetizers and entrees, and desserts; a range of canned and dry foods; fresh meats; dairy products; beverage products, and snack and other products.
