United Natural Foods, Inc. (NYSE: UNFI) today announced the pricing of the previously announced refinancing of its senior secured term loan facility. The amended term loan facility (the “Term Loan”) will be a 7-year loan with a principal amount of $500.0 million. UNFI expects to use the proceeds of the Term Loan, together with borrowings under its asset-based revolving credit facility, to repay the existing term loan.

The Term Loan was initially launched with an indicated interest rate of SOFR + 5.00% to 5.25% and a price range of 97 to 98. Final pricing reflects an interest rate of SOFR + 4.75% and an issue price of 98.

The refinancing of the Term Loan is expected to close in early May, subject to the satisfaction of customary conditions.

About UNFI

UNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit www.unfi.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the Company’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties and are based on current expectations and management estimates; actual results may differ materially. Examples of these statements include statements regarding the proposed closing and the proposed terms of the amendment. The risks and uncertainties which could impact these statements include the market for secured debt and those described in the Company’s filings under the Securities Exchange Act of 1934, as amended, including its annual report on Form 10-K for the year ended July 29, 2023 filed with the Securities and Exchange Commission (the “SEC”) on September 26, 2023 and other filings the Company makes with the SEC. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Any estimates of future results of operations are based on a number of assumptions, many of which are outside the Company’s control and should not be construed in any manner as a guarantee that such results will in fact occur.

For UNFI Investors: Kristyn Farahmand 401-213-2160 kristyn.farahmand@unfi.com -or- Steve Bloomquist 952-828-4144 steve.j.bloomquist@unfi.com

For Media: UNFI Charles Davis 215-539-1696 cdavis@unfi.com

United Natural Foods (NYSE:UNFI)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024 Haga Click aquí para más Gráficas United Natural Foods.
United Natural Foods (NYSE:UNFI)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024 Haga Click aquí para más Gráficas United Natural Foods.