J.P.Morgan, BofAML Support US Foods SGA Acquisition

JPMorgan and Bank of America Merrill Lynch will provide a $1.5 billion term loan facility to support US Foods Holding’s acquisition of the five operating companies of Services Group of America.

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.