Performance Food Group Company (“PFG”) (PFGC) announced today that its indirect wholly-owned subsidiary, PFG Escrow Corporation (the “Escrow Issuer”), intends, subject to market and other conditions, to offer $1.06 billion aggregate principal amount of Senior Notes due 2027 (the “notes”). PFG intends to use the net proceeds from the offering, along with other financing sources, to finance the cash consideration payable in connection with PFG’s previously announced acquisition of Reinhart Foodservice, L.L.C. (the “Acquisition”) and to pay related fees and expenses. Upon consummation of the Acquisition, the Escrow Issuer will merge with and into Performance Food Group, Inc. (the “Issuer”), a wholly-owned subsidiary of PFG, with the Issuer continuing as the surviving corporation, and the Issuer will assume all of the Escrow Issuer’s obligations under the notes, the related indenture and the other applicable documents.

source https://finance.yahoo.com/news/performance-food-group-company-announces-120000156.html?.tsrc=rss