Us Foods Holding Corp.
US Foods Announces Credit Agreement Amendment and Termination of Cooperation Agreement
Summary
On February 27, 2024, US Foods, Inc. entered into an amendment to its term loan credit agreement to lower interest rate margins on certain term loans. Simultaneously, US Foods Holding Corp. terminated its Cooperation Agreement with Sachem Head Capital Management LP, resulting in the resignation of Scott D. Ferguson from the Board. No financial statements or exhibits are furnished beyond those incorporated by reference.
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Exhibits (2)
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About Us Foods Holding Corp.
Us Foods Holding Corp. is a leading foodservice distributor in the United States. It plays a crucial role in the supply chain by offering a wide assortment of over 400,000 fresh, frozen, and dry food items, alongside non-food products such as kitchen supplies and cleaning tools. The company's services are tailored to meet the needs of a diverse client base, including restaurants, healthcare facilities, educational institutions, and hospitality sectors. Us Foods Holding Corp. focuses on delivering innovative culinary products and solutions that enhance operational efficiencies for its customers. With a network of distribution centers across the U.S., the company ensures timely delivery and high-quality service. Additionally, Us Foods places a strong emphasis on sustainability and responsible sourcing, contributing to the food industry's shift towards environmentally-friendly practices. The company's integral role in the food service industry underscores its significance in maintaining the operational flow and profitability of numerous businesses nationwide.
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