Benzinga | Nov 17, 2021 06:32AM EST

US Foods Holding To Raise $500M Via Debt Offering

* US Foods Holding Corp (NYSE:USFD) announced the pricing of a private offering of $500 million of its 4.625% senior unsecured notes due 2030 by its wholly-owned subsidiary, US Foods Inc.

* The initial offering price to investors will be 100% of the principal amount thereof.

* The company expects the offering to close on November 22, 2021.

* US Foods intends to use the net proceeds to repay a portion of its outstanding term loans scheduled to mature on June 27, 2023.

* Price Action: USFD shares closed lower by 0.06% at $34.49 on Tuesday.