United Natural Foods, Inc. (UNFI) Planning Issuing Senior Notes and Anticipating Stronger Growth in 2021

United Natural Foods, Inc. (UNFI) this week announced its intentions of offering Senior Notes due 2028 amounting to an aggregate principal of $400 million. The intended offering will be subject to market and other customary conditions.

The company is intending utilizing the proceeds to partially adjust the outstanding amount of its term loan facility repaying principal as well as accrued and unpaid interest thereon.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

Pursuing Rule 144A under the Securities Act of 1933, as amended UNFI will be offering the Notes in the United States to persons believed to be appropriately qualified as institutional buyers. The company will also issue Notes outside the United States in accordance with the Regulation S under the Securities Act. The Notes and relevant guarantees at back of those Notes have not been registered under the Securities Act or any of the state securities laws.

With the help of rising demand arising out from the coronavirus-driven economy with higher at-home consumptions and other accelerating ventures, the company has already been showing strong position. The stock showed a weekly performance of 14.24% while that of the sector remained 14.3% during the same period. Performance for the past six month was 12.53%. The stock price surged 63.51% over past six months while demonstrating a yearly performance of 184.53% with year-to-date performance currently standing at a gain of 122.49%.

Company’s impressive position in the fiscal Q4 2020 came on the heels of food-at-home consumption demand and other growth endeavors including benefits from cross selling which the management is anticipating to remain elevated in quarters ahead. The company is in view that food-at-home consumption demand will outpace the demand for away-from-home services in fiscal 2021.

The company is expecting generating net revenue of $27-$27.8 billion in the fiscal 2021 which highlights an average growth of 3.3% over fiscal 2020. In the fiscal 2021, company is envisioning after adjustments EPS of $3.05-$3.55 which suggests an average increase of 21.3% from the current levels.

Most Popular

Related posts