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UNFI Announces Intention To Offer $400M In Senior Notes

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Providence, Rhode Island-based United Natural Foods Inc. says it intends – subject to market and other customary conditions – to offer $400 million in aggregate principal amount of Senior Notes due 2028.

UNFI intends to use the net proceeds of the offering to repay a portion of the amounts outstanding under its term loan facility (including accrued and unpaid interest with respect to such amounts).

The notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States pursuant to Regulation S under the Securities Act. The notes and the related guarantees have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

UNFI is a food wholesaler delivering the widest variety of products to customer locations throughout North America including natural product superstores, independent retailers, conventional supermarket chains, e-commerce retailers and food service customers. Today, UNFI is the largest publicly traded grocery distributor in America.

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