UNFI Proposed Refinancing of Senior Secured Term Loan

PROVIDENCE, R.I.–(BUSINESS WIRE)–United Natural Foods, Inc. (NYSE: UNFI) today announced that it launched the refinancing of its senior secured term loan facility. The amended term loan credit facility is expected to be in an aggregate principal amount of $500.0 million. The amendment is expected to extend the maturity date, modify the interest rate margins applicable to the term loan thereunder and make other modifications to the terms thereof. UNFI expects to use the proceeds of the amended term loan, together with borrowings under its asset-based revolving credit facility, to repay the existing term loan.

The closing of the proposed transaction is expected to occur in April 2024, subject to market and other customary conditions. There can be no assurance that the proposed transaction will be completed on favorable terms or at all.

About UNFI

UNFI is North America’s premier grocery wholesaler delivering the widest variety of fresh, branded, and owned brand products to more than 30,000 locations throughout North America, including natural product superstores, independent retailers, conventional supermarket chains, ecommerce providers, and food service customers. UNFI also provides a broad range of value-added services and segmented marketing expertise, including proprietary technology, data, market insights, and shelf management to help customers and suppliers build their businesses and brands. As the largest full-service grocery partner in North America, UNFI is committed to building a food system that is better for all and is uniquely positioned to deliver great food, more choices, and fresh thinking to customers. To learn more about how UNFI is delivering value for its stakeholders, visit¬†www.unfi.com.