PFGC - Mergers and acquisitions

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), priced its previously announced offering of $1.06 billion aggregate principal amount of 5.625% Senior Notes due 2034 (the "notes"). PFG anticipates that the consummation of the offering will occur on February 19, 2026, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all of the Issuer's outstanding 5.500% Senior Notes due 2027, including to pay fees and expenses related thereto. The notes will be guaranteed by PFGC, Inc

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), intends, subject to market and other conditions, to offer $1.06 billion aggregate principal amount of Senior Notes due 2034 (the "notes"). PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all of the Issuer's outstanding 5.500% Senior Notes due 2027, including to pay fees and expenses related thereto. The notes will be guaranteed by PFGC, Inc., the Issuer's direct parent company ("Parent"), and each of Parent's existing and future material wholly-owned domestic

Performance Food Group Company (PFG) (NYSE:PFGC) today announced that it has completed the acquisition of Cheney Bros., Inc. ("Cheney Brothers"), a leading independent broadline foodservice distributor based in Riviera Beach, Florida. The acquisition creates a stronger presence in the Southeast region and provides additional distribution capacity. Cheney Brothers generates approximately $3.2 billion in annual revenue. The company has approximately 3,600 employees and operates five distribution centers in Florida and North Carolina. PFG continues to expect to generate approximately $50 million of annual run-rate cost synergies in the third full fiscal year following the closing of the transa

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), priced its previously announced offering of $1.0 billion aggregate principal amount of 6.125% Senior Notes due 2032 (the "notes"). PFG anticipates that the consummation of the offering will occur on September 12, 2024, subject to customary closing conditions. PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") a

Performance Food Group Company ("PFG") (NYSE:PFGC) announced today that its indirect wholly-owned subsidiary, Performance Food Group, Inc. (the "Issuer"), intends, subject to market and other conditions, to offer $1.0 billion aggregate principal amount of Senior Notes due 2032 (the "notes"). PFG intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to finance the cash consideration payable in connection with PFG's previously announced proposed acquisition of Cheney Bros, Inc. (the "Cheney Brothers Acquisition") and to pay related fees and expenses. Pending such uses, the net proceeds may be temporarily used for general corporate pur