US Foods secures $810 million incremental term loan maturing 2033
USFD•US Foods added an $810 million senior secured term loan maturing Oct. 2, 2033. Proceeds repaid and partially prepaid existing term loans and reduced borrowings under its asset-based revolver.
1. Loan terms
US Foods entered a Fourteenth Amendment to its term loan credit agreement to add the incremental loan. The facility is priced at Term SOFR plus 1.50% or the base rate plus 0.50%, amortizes at 1% annually in quarterly installments, and is due in full at maturity.
