US Foods Announces Closing of Secondary Public Offering of Common Stock and Full Exercise of Underwriters’
Over-Allotment Option
US Foods Holding Corp. (NYSE:USFD) today announced the closing of the underwritten secondary public offering of 41,400,000
shares of common stock by investment funds associated with Clayton, Dubilier & Rice, LLC and Kohlberg Kravis Roberts & Co.
L.P. (the “Selling Stockholders”) at a price to the public of $26.00 per share for a total offering size of $1,076,400,000. The
offering included the exercise in full of the underwriters’ option to purchase an additional 5,400,000 shares. US Foods did not
sell any stock in this transaction and did not receive any proceeds from the sale of the shares by the Selling Stockholders.
Goldman, Sachs & Co., Morgan Stanley and J.P. Morgan acted as joint book-running managers for the offering and the
representatives of the underwriters. BofA Merrill Lynch, Citigroup, Credit Suisse, Wells Fargo Securities and KKR also served as
joint book-running managers for the offering and Guggenheim Securities, ING, Rabo Securities and Natixis served 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 was declared effective by the U.S. Securities and Exchange Commission (“SEC”) on January 25, 2017. 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.
US Foods
MEDIA CONTACT:
Debra Ceffalio
(847) 720-1652
Debra.Ceffalio@usfoods.com
or
INVESTOR CONTACT:
Melissa Napier
(847) 720-2767
Melissa.Napier@usfoods.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20170131006016/en/