ROSEMONT, Ill.--(BUSINESS WIRE)--
US Foods Holding Corp. (NYSE:USFD), today announced the launch of a
secondary public offering of its common stock. Investment funds
associated with Clayton, Dubilier & Rice, LLC (“CD&R”) and Kohlberg
Kravis Roberts & Co. L.P. (“KKR”) and certain members of management and
the board of directors (collectively, the “Selling Stockholders”) are
offering for sale to the public 35,000,000 shares of US Foods’ common
stock owned by them. In connection with the offering, investment funds
associated with CD&R and KKR will grant to the underwriters a 30-day
option to purchase from such Selling Stockholders up to an additional
5,250,000 shares of common stock. US Foods is not selling any stock in
this transaction and will not receive any proceeds from the sale of the
shares of common stock by the Selling Stockholders.
Goldman Sachs & Co. LLC, Morgan Stanley and J.P. Morgan are acting as
joint book-running managers for the offering and the representatives of
the underwriters. BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche
Bank Securities, Wells Fargo Securities and KKR Capital Markets are also
serving as joint book-running managers for the offering and BMO Capital
Markets, BTIG, Guggenheim Securities, ING, Rabo Securities and Natixis
are serving as co-managers for the offering.
A registration statement, including a prospectus, on Form S-1 relating
to the offering has been filed with the U.S. Securities and Exchange
Commission (“SEC”), but has not yet become effective. The Selling
Stockholders’ shares may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
The offering will be made only by means of a prospectus. Copies of the
prospectus related to the offering may be obtained from Goldman Sachs &
Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY
10282, by telephone toll-free at 1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com;
from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180
Varick Street, 2nd Floor, New York, NY 10014; or from J.P. Morgan
Securities LLC, Attention: Prospectus Department c/o Broadridge
Financial Solutions, Long Island Avenue, Edgewood, NY, 11717, by
telephone toll-free at 1-866-803-9204. The registration statement is
available on the SEC’s website at www.sec.gov
under US Foods’ name.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About US Foods
US Foods is one of America’s great food companies and a leading
foodservice distributor, partnering with approximately 250,000 chefs,
restaurants and foodservice operators to help their businesses succeed.
With nearly 25,000 employees and more than 60 locations, US Foods
provides its customers with a broad and innovative food offering and a
comprehensive suite of e-commerce, technology and business solutions. US
Foods is headquartered in Rosemont, IL, and generates approximately $23
billion in annual revenue.
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Source: US Foods