United Natural Foods Pursues Refinancing After Moody's Downgrade [Financial Post (Toronto, Ontario, Canada)]
United Natural Foods, Inc. (UNFI)
Last united natural foods, inc. earnings: 3/11 06:58 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — JPMorgan Chase & Co is sounding out investors to refinance organic food provider United Natural Foods Inc.'s upcoming debt maturities, according to people with knowledge of the matter. The bank is in conversations with lenders for financing of at least $600 million that would take out United Natural's term loan due in October of next year, said the people who asked not to be identified discussing details that are private. Conversations are ongoing and details may change, they said. Article content Article content Representatives for JPMorgan and United Natural declined to comment. United Natural was recently downgraded by Moody's Ratings to B3 from B2, due to the company's “weaker credit metrics with high financial leverage, very weak interest coverage and negative free cash flow,” according to March 28 Moody's statement. It added that United
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UNFI
News
- UNFI Announces Pricing of Senior Secured Term LoanBusiness Wire
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- TEAMSTERS STOP UNFI FROM OUTSOURCING JOBS IN FLORIDA [Yahoo! Finance]Yahoo! Finance
UNFI
Earnings
- 3/6/24 - Beat
UNFI
Sec Filings
- 4/17/24 - Form 3
- 4/2/24 - Form 4
- 3/26/24 - Form 4
- UNFI's page on the SEC website