US Foods extends $2.5 billion ABL facility

US Foods Holding Corp., through its subsidiary US Foods, Inc., amended its asset-based lending (ABL) credit agreement.

Rhea-AI Filing Summary

US Foods Holding Corp., through its subsidiary US Foods, Inc., amended its asset-based lending (ABL) credit agreement. The amendment increases total committed capacity from $2.3 billion to $2.5 billion, giving the company a larger revolving credit line.

The maturity date is extended to May 28, 2031, with a springing earlier maturity if more than $300 million of term loan or senior notes maturing sooner remain outstanding without a reserve 60 days before their maturity. The amendment also updates pricing, financial covenants, reporting obligations and other terms of the ABL facility.

Insights

Corporate credit analyst

US Foods ups ABL capacity to $2.5B and pushes out maturity.

US Foods has increased its ABL credit commitments from $2.3 billion to $2.5 billion and extended the facility to May 28, 2031. This provides a larger liquidity backstop tied to working-capital assets.

The amendment introduces a springing maturity if more than $300 million of earlier maturing term loans or senior notes remain outstanding without a reserve 60 days before their due date. Changes to pricing, financial covenants and reporting obligations adjust the economics and flexibility of the facility.

Actual impact will depend on future borrowing levels and how much earlier-maturing debt remains outstanding as those maturities approach, given the springing maturity structure disclosed.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

ABL commitments before amendment: $2.3 billion ABL commitments after amendment: $2.5 billion New stated maturity: May 28, 2031 +2 more

5 metrics

ABL commitments before amendment $2.3 billion Total aggregate commitments under ABL Agreement prior to amendment

ABL commitments after amendment $2.5 billion Total aggregate commitments under amended ABL Agreement

New stated maturity May 28, 2031 Contractual maturity date of amended ABL facility

Springing maturity threshold $300 million Maximum earlier-maturing term loan or senior notes debt outstanding without reserve

Original ABL agreement date May 31, 2019 Date of initial ABL Credit Agreement referenced in amendment

Key Terms

ABL Credit Agreement, springing maturity date, financial covenant, term loan credit agreement, +1 more

5 terms

ABL Credit Agreement financial

"US Foods, Inc. entered into an amendment to its existing ABL Credit Agreement, dated as of May 31, 2019"

ABL credit agreement is a loan contract where a company borrows money using specific assets—typically cash owed by customers, inventory, or equipment—as collateral; think of it like pawning valued items to get cash quickly. Investors care because these loans affect a company’s day-to-day liquidity and borrowing capacity, and the lender’s rights to seize pledged assets can increase risk and influence the company’s financial flexibility and creditworthiness.

springing maturity date financial

"subject to a springing maturity date in the event that more than $300 million of aggregate principal amount of earlier maturing indebtedness"

financial covenant financial

"made certain changes to the pricing, financial covenant, reporting obligations and other terms of the ABL Agreement"

A financial covenant is a clause in a loan or credit agreement that requires a borrower to keep specific financial measures—such as cash levels, profit, or debt ratios—within agreed limits. Investors watch these rules because breaking them can let lenders demand immediate repayment, impose penalties, or restrict a company’s ability to pay dividends or take on new projects; think of it as house rules that, if violated, can force sudden, costly changes.

term loan credit agreement financial

"earlier maturing indebtedness under US Foods’ term loan credit agreement or any of its senior notes remains outstanding"

A term loan credit agreement is a formal contract where a borrower receives a fixed sum of money from a lender and agrees to repay it over a set period with interest, much like a multi‑year mortgage or car loan for a business. It matters to investors because the size, cost and rules of the loan affect a company’s cash flow, risk of default and ability to invest or pay dividends; restrictive conditions can also force operational changes.

senior notes financial

"more than $300 million of aggregate principal amount of earlier maturing indebtedness under US Foods’ term loan credit agreement or any of its senior notes remains outstanding"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did US Foods (USFD) make to its ABL credit facility?

US Foods amended its ABL credit agreement to increase total commitments from $2.3 billion to $2.5 billion and extend the maturity date. The amendment also revises pricing, financial covenants, reporting obligations and other terms of the revolving credit facility.

When does US Foods’ amended ABL facility now mature?

The amended ABL credit facility now matures on May 28, 2031. However, a springing earlier maturity can be triggered if specified earlier-maturing debt remains outstanding above a threshold without a related reserve 60 days before that earlier maturity date.

What is the springing maturity feature in US Foods’ ABL amendment?

The amendment adds a springing maturity date if more than $300 million of earlier maturing term loan or senior notes debt remains outstanding without a reserve. This is tested 60 days before the earlier maturity of that indebtedness, potentially accelerating the ABL maturity.

How much did US Foods increase its ABL commitments by in this amendment?

US Foods increased total aggregate ABL commitments by $0.2 billion, from $2.3 billion to $2.5 billion. This larger commitment level provides additional borrowing capacity under the company’s asset-based revolving credit agreement, subject to customary borrowing base and covenant conditions.

Which bank acts as administrative agent under US Foods’ amended ABL agreement?

Wells Fargo Bank, National Association serves as administrative agent and collateral agent under the ABL credit agreement. The amendment continues this role while adjusting commitments, maturity, pricing, financial covenants, reporting obligations and other terms for US Foods and its loan parties.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/02/2026 - 04:58 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2026

_____________________________________________________________________________________

US FOODS HOLDING CORP.

(Exact name of registrant as specified in its charter)

Delaware

001-37786

26-0347906

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification Number)

9399 W. Higgins Road, Suite 100

Rosemont, IL 60018

(Address of principal executive offices) (Zip code)

(847) 720-8000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

USFD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

On May 28, 2026, US Foods, Inc. (“US Foods”) entered into an amendment (the “Amendment”) to its existing ABL Credit Agreement, dated as of May 31, 2019, as amended, restated, modified or supplemented from time to time, by and among US Foods, the other Loan Parties (defined in the ABL Agreement), each lender and issuing lender from time to time party thereto, and Wells Fargo Bank, National Association, as administrative agent and collateral agent (the “ABL Agreement”). The Amendment increased the total aggregate amount of commitments under the ABL Agreement from $2.3 billion to $2.5 billion; extended the maturity date to May 28, 2031, subject to a springing maturity date in the event that more than $300 million of aggregate principal amount of earlier maturing indebtedness under US Foods’ term loan credit agreement or any of its senior notes remains outstanding for which a reserve is not maintained on a date that is sixty (60) days prior to such earlier maturity date for such maturing indebtedness; and made certain changes to the pricing, financial covenant, reporting obligations and other terms of the ABL Agreement.

The foregoing description of the Amendment is not complete and is qualified in its entirety by the full text of the Amendment, which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number						Description
10.1						Amendment to the ABL Agreement.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DATED: June 2, 2026						US Foods Holding Corp.
						By:			/s/ Dirk J. Locascio
									Dirk J. Locascio
									Chief Financial Officer

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 1.5 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB