Item 1.01. Entry into a Material Definitive Agreement.
On December 7, 2022, US Foods, Inc. ("USF") entered into an Amendment No. 3 (the
"Amendment") to that certain ABL credit agreement, dated as of May 31, 2019 (as
amended, the "ABL Credit Agreement"), among USF, the subsidiaries of USF party
thereto, the lenders and issuing lenders party thereto and Wells Fargo Bank,
National Association, as administrative agent and collateral agent, to, among
other things, increase the commitments provided by certain lenders thereunder by
$310.0 million to an aggregate amount of $2.3 billion, replace the London
Interbank Offered Rate interest rate benchmark with a forward-looking term rate
based on the secured overnight financing rate as administered by the Federal
Reserve Bank of New York, as determined in accordance with the ABL Credit
Agreement, and extend the maturity of the ABL Credit Agreement to December 7,
2027, subject to a springing maturity date in the event that more than $300
million in aggregate principal amount of indebtedness under any of USF's senior
secured term loan facility or senior notes remains outstanding on a date that is
60 days prior to the maturity date for such senior secured term loan facility or
senior notes, respectively.
The foregoing description of the Amendment does not purport to be complete and
is subject to, and qualified in its entirety by, the full text of the Amendment,
which is attached hereto as Exhibit 10.1, and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Amendment No. 3 dated as of December 7, 2022, among US Foods, Inc., the
other Loan Parties party thereto, the Lenders and Issuing Lenders party
thereto and Wells Fargo Bank, National Association, as administrative
agent and collateral agent.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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