Performance Foods withdraws $550 million offering of seven-year notes

By Paul A. Harris

St. Louis, Nov. 23 - Performance Foods Group, Inc. withdrew its $550 million offering of seven-year senior notes due to adverse market conditions, an informed source said on Wednesday.

Credit Suisse, Wells Fargo Securities, Bank of America Merrill Lynch and Macquarie were the joint bookrunners.

The Richmond, Va.-based company had intended to use the proceeds to refinance mezzanine debt and to fund a dividend.

Performance Foods is a distributor specializing in broadline distribution, customized distribution, and processing/delivering fresh-cut produce throughout the United States.

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