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Stock impact report

UNFI Announces Proposed Refinancing of Senior Secured Term Loan

United Natural Foods, Inc. (UNFI) 
Last united natural foods, inc. earnings: 3/11 06:58 am Check Earnings Report
Company Research Source: Business Wire
PROVIDENCE, R.I.--(BUSINESS WIRE)--United Natural Foods, Inc. (NYSE: UNFI) today announced that it launched the refinancing of its senior secured term loan facility. The amended term loan credit facility is expected to be in an aggregate principal amount of $500.0 million. The amendment is expected to extend the maturity date, modify the interest rate margins applicable to the term loan thereunder and make other modifications to the terms thereof. UNFI expects to use the proceeds of the amended term loan, together with borrowings under its asset-based revolving credit facility, to repay the existing term loan.The closing of the proposed transaction is expected to occur in April 2024, subject to market and other customary conditions. There can be no assurance that the proposed transaction will be completed on favorable terms or at all.About UNFIUNFI is North America's premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 3 Show less Read more
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