Business Wire | Oct 14, 2020 07:39AM EDT

UNFI Announces Intention to Offer Senior Notes

Oct. 14, 2020

PROVIDENCE, R.I.--(BUSINESS WIRE)--Oct. 14, 2020--United Natural Foods, Inc. (NYSE: UNFI) ("UNFI") today announced that it intends, subject to market and other customary conditions, to offer (the "Offering") $400 million in aggregate principal amount of Senior Notes due 2028 (the "Notes").

UNFI intends to use the net proceeds of the Offering to repay a portion of the amounts outstanding under its term loan facility (including accrued and unpaid interest with respect to such amounts).

The Notes will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related guarantees have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release is for informational purposes only and does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes or any other securities, nor shall there be any sales of Notes or other securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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CONTACT: Investor Contact: Steve Bloomquist, 952-828-4144 Steve.j.bloomquist@unfi.com