US Foods Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Author's Avatar
May 23, 2023

US Foods Holding Corp. (NYSE:USFD, Financial) (“US Foods”) today announced the pricing of a previously announced underwritten registered secondary offering of 17,425,053shares of its common stock by KKR Fresh Holdings L.P. (the “Selling Stockholder”), substantially all of which will consist of common stock issuable upon the conversion of 371,044 shares of its Series A Convertible Preferred Stock held by the Selling Stockholder, at a price to the public of $39.90 per share. US Foods will not receive any proceeds from the sale of its common stock by the Selling Stockholder in the offering.