Jenner & Block

Firm Represents US Foods Holding Corp. in Secondary Public Offering

The firm is representing US Foods Holding Corp., the second-largest food distributor in the United States, in a secondary public offering of its common stock.  Investment funds associated with selling stockholders KKR & Co. LP and Clayton, Dubilier & Rice are offering 41.4 million shares of common stock valued at $26.00 per share, which includes an additional 5.4 million shares of the common stock after the underwriters exercised their option to purchase additional shares in full.  The total offering size is over $1 billion.

The underwriters were led by Goldman Sachs, Morgan Stanley and JP Morgan; and Simpson Thacher acted as underwriters’ counsel.  Investment funds associated with selling stockholders KKR & Co. LP and Clayton, Dubilier & Rice were represented by Debevoise & Plimpton LLP.

The team representing US Foods is being led by Partners Kevin T. Collins and Jason M. Casella. Other members of the core corporate team include Partner William L. Tolbert, Jr., Associate Breanne K. Long and Law Clerk Inna Gelfgat.  Other transactional team members included Partners Donald E. Batterson, Brian R. Boch, Geoffrey M. Davis, S. Tony Ling, Alexander J. May and Anna Barreiro Sutti and Law Clerk Barbara Asiain.