US FOODS HOLDING CORP. (NYSE:USFD) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On June22, 2018, US Foods, Inc. (“US Foods”) entered into an amendment (the “Fifth Amendment”) to its term loan credit agreement (as so amended, the “Credit Agreement”) with a syndicate of lenders, including Citicorp North America, Inc., as administrative agent and collateral agent. to, among other things, (i)provide for implementation of LIBOR replacement rates in the event that LIBOR is unavailable in the future and (ii)lower the interest rate margins on outstanding borrowings under the term loan facility to 2.00% for LIBOR borrowings and 1.00% for ABR borrowings.
A copy of the Fifth Amendment is attached as Exhibit 10.1. The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such document.
Item 1.01. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 concerning US Foods’ direct financial obligations under the Credit Agreement is hereby incorporated herein by reference.
Item 1.01. Financial Statements and Exhibits.
(d) Exhibits.
US Foods Holding Corp. ExhibitEX-10.1 2 d555116dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION FIFTH AMENDMENT FIFTH AMENDMENT,…To view the full exhibit click here
About US FOODS HOLDING CORP. (NYSE:USFD)
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. It conducts all of its operations through its subsidiary, US Foods, Inc. It markets and distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. It offers products, such as Chef’s Line Pat LaFrieda Angus Beef Burger, which is a beef patty developed by New York butcher Pat LaFrieda, and features Angus short rib and chuck prepared with LaFrieda’s chopped technology; Chef’s Line All Natural Ready-to-Cook Turkey Roast, which is a natural turkey breast developed with Butterball and DuPont Film, and Monarch Mirepoix Blend, which is a blend of onions, carrots and celery. As of October 1, 2016, it provided over 400,000 fresh, frozen, and dry food stock-keeping units, as well as non-food items, sourced from over 5,000 suppliers. The Company offers its customers with a suite of e-commerce, technology and business solutions.
