United Natural Foods Inc.
06/22/2026 | Press release | Distributed by Public on 06/22/2026 06:02
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement.
On June 18, 2026, United Natural Foods, Inc. (the "Company"), SUPERVALU INC., UNFI Wholesale, Inc., and UNFI Distribution Company, LLC (the "Co-Borrowers" and, together with the Company, the "Borrowers"), the guarantors party thereto, the certain financial institutions that are parties thereto as lenders, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the "Agent"), entered into Amendment No. 5 to the Term Loan Agreement (the "Term Loan Amendment"), amending the Term Loan Agreement dated as of October 22, 2018, as amended from time to time (as further amended, the "Term Loan Agreement"), among the Borrowers, the guarantors party thereto, the lenders from time to time party thereto and the Agent.
The Term Loan Amendment, among other changes, reprices the Borrowers' approximately $371 million outstanding term loan, reducing the applicable margin over the secured overnight financing rate (SOFR) from 4.75% to 4.00%.
Except as described above, all of the other material terms of the Term Loan Agreement remain unchanged and in full force and effect. The foregoing description of the Term Loan Amendment in this Form 8-K is only a summary and does not purport to be complete and is qualified in its entirety by reference to the Term Loan Amendment, a copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended August 1, 2026.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is hereby incorporated by reference into this Item 2.03.
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