Cahill Represents Lead Arrangers in $1.7 Billion Asset-Based Revolving Credit Facility for US Foods, Inc.
Date: 05/31/19
Cahill represented the lead arrangers in connection with the refinancing of US Foods, Inc.’s existing asset-based revolving credit facility with a new asset-based revolving credit facility having a maximum aggregate principal amount of commitments of $1,700 million, comprised of (i) $1,400 million of commitments that became effective on the closing date and (ii) $300 million of additional commitments that may become effective, in whole or in part and at US Foods’ election, on or prior to November 30, 2019, subject to the consummation of the acquisition of the Services Group of America’s Food Group of Companies by US Foods. Proceeds of the credit facility will be used for working capital needs and for general corporate purposes.