Item 7.01. Regulation FD Disclosure.
On
The consummation of the transactions described above, and the terms of any new
debt
The information contained in this Item 7.01 is furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed to be incorporated by reference into any of US Food's filings under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Forward-Looking Statements
Statements in this current report which are not historical in nature are
"forward-looking statements" within the meaning of the federal securities laws,
including statements regarding, among other things, the refinancing transactions
described herein. These statements often include words such as "believe,"
"expect," "project," "anticipate," "intend," "plan," "outlook," "estimate,"
"target," "seek," "will," "may," "would," "should," "could," "forecast,"
"mission," "strive," "more," "goal," or similar expressions (although not all
forward-looking statements may contain such words) and are based upon various
assumptions and our experience in the industry, as well as historical trends,
current conditions, and expected future developments. However, you should
understand that these statements are not guarantees of performance or results
and there are a number of risks, uncertainties and other factors that could
cause our actual results to differ materially from those expressed in the
forward-looking statements, including, among others, any declines in the
consumption of food prepared away from home; the extent and duration of the
negative impact of the COVID-19 pandemic on us; cost inflation/deflation and
commodity volatility; competition; reliance on third-party suppliers and
interruption of product supply or increases in product costs; risks related to
our indebtedness, including our substantial amount of debt, our ability to incur
substantially more debt, our potential inability to generate sufficient cash
flows to service our debt and increases in our interest rates; restrictions and
limitations placed on us by our agreements and instruments governing our debt;
impairment charges for goodwill, indefinite-lived intangible assets or other
long-lived assets; changes in our relationships with customers and group
purchasing organizations; our ability to increase or maintain the highest margin
portions of our business; effective integration of acquired businesses;
achievement of expected benefits from cost savings initiatives; increases in
fuel costs; economic factors affecting consumer confidence and discretionary
spending; changes in consumer eating habits; our reputation in the industry;
labor relations and costs and continued access to qualified and diverse labor;
cost and pricing structures; changes in tax laws and regulations and resolution
of tax disputes; environmental, health and safety and other governmental laws
and regulations, including actions taken by national, state and local
governments to contain the COVID-19 pandemic, such as travel restrictions or
bans, social distancing requirements, and required closures
of non-essential businesses; product recalls and product liability claims;
adverse judgments or settlements resulting from litigation; disruption of
existing technologies and implementation of new technologies; cybersecurity
incidents and other technology disruptions; management of retirement benefits
and pension obligations; extreme weather conditions, natural disasters and other
catastrophic events, including pandemics and the rapid spread of contagious
illnesses; and risks associated with intellectual property, including potential
infringement. For a detailed discussion of these risks, uncertainties and other
factors, see the section entitled "Risk Factors" in our Annual Report on
Form 10-K for the fiscal year ended
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