News

Performance Food Group upsizes offering of $275 million senior notes

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April 22, 2020

Performance Food Group Company, which owns Vistar, announced its previously announced offering of $275 million aggregate principal amount of 6.875% senior notes due 2025, according to a press release. The offering was upsized from the previously announced offering size of $250 million.

PFG anticipates that the consummation of the offering will occur on April 24, 2020. PFG intends to use the net proceeds from the offering for working capital and general corporate purposes and to pay related fees and expenses.

The notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws and, unless so registered, may not be offered or sold in the U.S. except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

The notes were offered, by the initial purchasers, only to persons reasonably believed to be qualified institutional buyers.