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 and Kohlberg Kravis
Roberts & Co. L.P. (the “Selling Stockholders”) are offering for sale to
the public 30,000,000 shares of US Foods’ common stock owned by them. In
connection with the offering, the Selling Stockholders will grant to the
underwriters a 30-day option to purchase from the Selling Stockholders
up to an additional 4,500,000 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 by the Selling Stockholders.
Goldman, Sachs & Co., Morgan Stanley and J.P. Morgan are acting as joint
lead book-running managers for the offering and the representatives of
the underwriters. BofA Merrill Lynch, Citigroup, Credit Suisse, Wells
Fargo Securities and KKR are also serving as joint book-running managers
for the offering and 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 US Foods shares being sold by the Selling Stockholders 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., 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 the registrant’s 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, Ill., and generates approximately
$23 billion in annual revenue. Discover more at www.usfoods.com.
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Source: US Foods