01—Abstract
Summary
Summary of the 8-K filed June 2, 2026. Cited figures are marked; the original filing is the authoritative source.
US Foods, Inc. entered into an amendment on May 28, 2026 to its existing ABL Credit Agreement, originally dated May 31, 2019, with Wells Fargo Bank, National Association, as administrative agent and collateral agent.
The Amendment increased total aggregate commitments under the ABL Agreement from $2.3 billion to $2.5 billiona and extended the maturity date to May 28, 2031. The extended maturity is subject to a springing maturity provision: if more than $300 million of aggregate principal of earlier-maturing indebtedness under US Foods' term loan credit agreement or its senior notes remains outstanding, for which a reserve is not maintained, on a date sixty days before that earlier maturity, the ABL maturity springs forward accordingly. The Amendment also made certain changes to pricing, financial covenants, reporting obligations and other terms of the ABL Agreement, which the filing does not detail in this report.
The filing is brief and reports the transaction under Item 1.01 (Entry into a Material Definitive Agreement) and Item 2.03 (Creation of a Direct Financial Obligation). Full terms are contained in the Amendment filed as Exhibit 10.1.
02—Key points
Key Highlights
- ABL Agreement commitments increased from $2.3 billion to $2.5 billion
- Maturity extended to May 28, 2031
- Springing maturity applies if more than $300 million of earlier-maturing term loan or senior notes debt remains outstanding without a reserve, sixty days before that maturity date
- Amendment also changes pricing, financial covenant, and reporting obligations, with details in Exhibit 10.1
- Agreement is with Wells Fargo Bank, National Association, as administrative agent and collateral agent
- Filed under Items 1.01 and 2.03; full terms incorporated by reference from Exhibit 10.1
03—Questions
Frequently Asked Questions
What changed in the ABL Credit Agreement?
The Amendment increased total aggregate commitments from $2.3 billion to $2.5 billion, extended the maturity date to May 28, 2031, and made certain changes to pricing, financial covenants, reporting obligations and other terms.
Is the May 2031 maturity date guaranteed?
No. The maturity is subject to a springing maturity provision. If more than $300 million of aggregate principal of earlier-maturing indebtedness under the term loan credit agreement or senior notes remains outstanding, for which a reserve is not maintained, on the date sixty days before that earlier maturity, the ABL maturity springs accordingly.
Who is the administrative agent under the ABL Agreement?
Wells Fargo Bank, National Association serves as administrative agent and collateral agent.
Where can investors find the full terms of the amendment?
The complete Amendment is attached as Exhibit 10.1 to the Form 8-K and is incorporated by reference into the filing.
04—Continue