US Foods plans to redeem its existing 6.250% senior secured notes due 2025 and pay associated fees and costs using the net proceeds of the offering in addition to cash on hand.
The Securities Act of 1933, as amended (the “Securities Act”) does not apply to the sale of the Notes or the guarantees thereto in a private offering. According to Rule 144A of the Securities Act and in accordance with Regulation S of the Securities Act, the Notes and the guarantees therefor will only be made available to those who are regarded as being qualified institutional buyers.
Without registration or an appropriate exemption from the registration requirements of the Securities Act and applicable state laws, the Notes and the guarantees thereto cannot be offered or sold in the United States.
No sale of the Notes shall be made in any state or other jurisdiction in which such offer, solicitation, or sale would be prohibited prior to registration or qualification under the securities laws of such state or other jurisdiction, nor shall there be any solicitation of an offer to buy the Notes pursuant to this press release. There is no guarantee that the offering will be completed on the suggested terms or at all.
pledging to assist its clients One of the best food firms in the country, Make It, US Foods collaborates with almost 250,000 restaurants and foodservice providers to support the growth of their operations. With 70 broadline shops, more than 85 cash and carry locations, and 29,000 employees, US Foods offers its consumers a wide variety of cutting-edge foods as well as a full range of e-commerce, technology, and business solutions. The main office of US Foods is in Rosemont, Illinois.
The federal securities regulations define “forward-looking statements” as those in this press release that are not strictly factual, such as those that refer to the Offering and the intended use of its proceeds. These statements, which may not all be forward-looking statements, frequently use words like “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “outlook,” “estimate,” “target,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecast,” “mission,” “strive,” “more,” and “goal,” and are based on various assumptions and our experience in the industry, as well as historical trends
The following risks, uncertainties, and other significant factors could cause our actual results to differ materially from those expressed in the forward-looking statements: economic factors affecting consumer confidence and discretionary spending and reducing the consumption of food prepared outside the home; cost inflation/deflation,
Variations in fuel prices, shifts in consumer eating habits, cost and pricing structures, the impact of climate change or actions taken to address it, impairment charges for goodwill, indefinite-lived intangible assets, or other long-lived assets, and our ability to grow or maintain the highest margin portions of our business are just a few of the factors that could affect our financial results.
Interest rate increases, the replacement of the London Interbank Offered Rate (“LIBOR”) with an alternative reference rate and the relative immaturity of any such replacement standard, the disruption of current technologies and the adoption of new technologies, cybersecurity incidents and other technological issues, labour relations, rising labour costs, and continued access to qualified and diverse labour.
Extreme weather, natural disasters, and other catastrophic events, including pandemics and the rapid spread of contagious diseases, are risks to our associates’ and others’ health and safety. Limitations related to our governing documents, risks to our associates’ and others’ safety, adverse judgements or settlements resulting from litigation, changes in tax laws and regulations, resolution of tax disputes, management of retirement benefits and pension obligations, and managing retirement benefits and pension obligations are other risks. See the section headed “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022, for a more in-depth explanation of these risks, uncertainties, and other variables.
which was submitted to the SEC on February 16, 2023; our Quarterly Report on Form 10-Q for the fiscal quarter that ended on April 1, 2023; our Quarterly Report on Form 10-Q for the fiscal quarter that ended on July 1, 2023; and our Quarterly Report on Form 10-Q for the fiscal quarter that ended on August 10, 2023. The press release’s forward-looking statements are only valid as of the publication date. Except as may be required by law, we disclaim any obligation to update or alter any forward-looking statements. We may not complete the offering, and even if we do, we cannot guarantee that the terms will be what we want them to be or that we will be able to implement them successfully.