Item 1.01. Entry into a Material Definitive Agreement.

On April 29, 2020, 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 Fourth Amended and Restated Credit Agreement (the "First Amendment") with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders party thereto. The First Amendment amends that certain Fourth Amended and Restated Credit Agreement, dated December 30, 2019, with Wells Fargo Bank, National Association, as Administrative Agent and Collateral Agent, and the other lenders from time to time party thereto (as amended by the First Amendment, the "ABL Facility"). The First Amendment, among other things, increases the aggregate principal amount available under the ABL Facility from $3.0 billion to $3.11 billion by adding an Additional Junior Term Loan of $110 million with a 364-maturity date (the "AJTL"). The AJTL is secured by the same collateral as the existing obligations under the ABL Facility but ranks junior in right of priority with respect to the collateral and with respect to payment.

Borrowings under the AJTL bear interest, at Performance Food Group, Inc.'s option, at (a) the Base Rate (defined as the greater of (i) the federal funds rate in effect on such date plus 0.5%, (ii) the prime rate on such day, or (iii) one month LIBOR plus 1.0%) plus a spread or (b) LIBOR plus a spread. The AJTL has a greater spread than other borrowings under the ABL Facility and has a LIBOR floor of 1.00%. The ABL Facility also provides for an unused commitment fee at a rate of 0.250% per annum.

Wells Fargo Bank, National Association, and some of the lenders party to the First Amendment and their respective affiliates have various relationships with the Company and its subsidiaries in the ordinary course of business involving the provision of financial services, including cash management, commercial banking, investment banking or other services.

The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the First Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 2.03. 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 9.01. Financial Statements and Exhibits.




(d) Exhibits.

 Exhibit
 Number                                      Description

   10.1            First Amendment to Fourth Amended and Restated Credit Agreement,
                 dated April 29, 2020, among PFGC, Inc., Performance Food Group,
                 Inc., Wells Fargo, National Association, as Administrative Agent and
                 Collateral Agent, the other borrowers from time to time party
                 thereto, and the other lenders thereto.

   104           Cover Page Interactive Data File (embedded within Inline XBRL
                 document).

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses