US Foods announces price of IPO

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ROSEMONT, Ill. – US Foods Holding Corp. set the price of its initial public offering (IPO) yesterday at $23 per share on 44,444,444 shares of common stock totaling an offer of $1,022,222,212. US Foods also granted underwriters a 30-day option to purchase another 6,666,667 shares of common stock at the IPO price to cover any over-allotments. Including the option, the total offering would be $1,175,555,553.

Subject to satisfying customary closing conditions, the offering is expected to close on June 1.

Representatives for the underwriters of the offering and joint book-running managers are Goldman, Sachs and Co., and J.P. Morgan. BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Wells Fargo Securities and KKR will also serve as joint book-running managers along with BMO Capital Markets, Guggenheim Securities, ING, Rabo Securities and Natixis serving as co-managers.

The US Securities and Exchange Commission (SEC) has received a registration statement, including a prospectus, on Form S-1 relating to the securities and declared it effective.

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