Performance Food Group issues $1.06 billion of 5.625% senior notes due 2034
Performance Food Group's subsidiary sold $1.06 billion of 5.625% senior notes maturing March 1, 2034, and used the proceeds, plus revolver borrowings, to redeem its 5.500% senior notes due 2027. The deal refinances existing debt and adds new long-term borrowing with the same parent-level guarantees.
Key points
- Issuer sold $1.06 billion aggregate principal of 5.625% Senior Notes due 2034, issued at par on February 19, 2026
- Proceeds, with revolving credit facility borrowings, were used to redeem all outstanding 5.500% Senior Notes due 2027 at 100% of principal plus accrued interest
- Notes are guaranteed by Parent and certain domestic subsidiaries, but not by the Company (PFGC)
- Notes can be redeemed at par plus a make-whole premium before March 1, 2029
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.