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0.0918727915194345 0.0918727915194345 0.0588928150765607 0.0453474676089517 0.0459363957597174 0.0341578327444053 0.03886925795053 0.00647820965842164
Stock impact report

US Foods Announces $500 Million Convertible Preferred Equity Investment From KKR

US Foods Holding Corp. (USFD) 
Last us foods holding corp. earnings: 2/11 06:45 am Check Earnings Report
US:NYSE Investor Relations: usfoods.com/investors.html
Company Research Source: Business Wire
Strengthens US Foods’ Balance Sheet; Attractive Structure for Raising Equity Capital; KKR Returns as A Key Partner to US Foods; Confirms Smart Foodservice Closing Date ROSEMONT, Ill.--(BUSINESS WIRE)--US Foods Holding Corp. (NYSE: USFD) today announced that affiliates of KKR have agreed to purchase $500 million in newly issued convertible preferred stock of US Foods.“We are pleased to see KKR return as a shareholder of US Foods as we seek to further fortify our balance sheet during the current difficult environment,” said US Foods Chairman and CEO Pietro Satriano. “KKR will be a valuable partner for us as we continue to focus on our associates, customers, communities and shareholders as the impacts of COVID-19 unfold. This transaction positions us to continue to build on our strengths as the environment improves over time.”Nate Taylor, Partner and Co-Head of Americas Private Equity at KKR said, “We are excited to once again partner with the strong management team at US Foods. Given Show less Read more
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