US Foods Inc. Raises $1.02 Billion In Public Offering

US Foods Holding Corp., the parent company of US Foods, Inc., announced the pricing of its initial public offering of 44,444,444 shares of common stock at an initial public offering price of $23.00 per share for a total offering size of $1,022,222,212.

US Foods Holding Corp., the parent company of US Foods, Inc., the Rosemont, Ill.-based nationwide foodservice distributor, has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.
US Foods Holding Corp., the parent company of US Foods, Inc., the Rosemont, Ill.-based nationwide foodservice distributor, has filed a registration statement on Form S-1 with the Securities and Exchange Commission (SEC) relating to a proposed initial public offering of its common stock.

US Foods Holding Corp., the parent company of US Foods, Inc., announced the pricing of its initial public offering of 44,444,444 shares of common stock at an initial public offering price of $23.00 per share for a total offering size of $1,022,222,212.

In addition, US Foods has granted the underwriters a 30-day option to purchase from US Foods up to an additional 6,666,667 shares of common stock, at the initial public offering price, to cover over-allotments, if any, which if exercised in full would result in a total offering size of $1,175,555,553.

The shares of common stock are expected to begin trading on the New York Stock Exchange on May 26, 2016, under the symbol “USFD.” The offering is expected to close on June 1, 2016, subject to satisfaction of customary closing conditions.

Goldman, Sachs & Co., Morgan Stanley and J.P. Morgan are acting as joint book-running managers for the offering and the representatives of the underwriters. BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities and KKR are also serving as joint book-running managers for the offering and BMO Capital Markets, Guggenheim Securities, ING, Rabo Securities and Natixis are serving as co-managers for the offering.

A registration statement, including a prospectus, on Form S-1 relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission (SEC). The offering is being made only by means of a prospectus. 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.

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