Performance Food draws $400 million on credit facility for extra cash

By Marisa Wong

Los Angeles, March 30 – Performance Food Group Co. said it has drawn $400 million from its $3 billion credit facility in response to the Covid-19 pandemic.

The drawdown was put to cash on the company’s balance sheet to protect its long-term financial position, according to a press release.

Performance Food is a foodservice distribution company based in Richmond, Va.

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