Daily News: February 21, 2017

Citicorp Lowers Margin on US Foods $2.18B Loans


US Foods Holding amended its credit facility to lower the margin on term loan borrowings to 2.75% per annum for LIBOR borrowings and 1.75% per annum for ABF borrowings.

According to a related 8-K filing, Citicorp North America served as administrative agent and collateral agent for the transaction.

The aggregate principal amount of the facility is $2.189 billion. In addition, certain voluntary prepayments of the term loans made on or prior to August 17, 2017 are subject to a 1.0% “soft call” premium.