CHICAGO (Standard&Poor's) May 21, 2013--Standard&Poor's Ratings Services said today that it assigned its 'B-' issue rating to Rosemont, Ill.-based US Foods Inc.'s proposed $2.1 billion senior secured term loan maturing March 31, 2019, and '5' recovery rating, indicating that lenders could expect modest (10% to 30%) recovery in the event of a payment default. At the same time, we assigned our 'BB-' issue rating to the company's existing $1.1 billion asset-backed revolving credit facility maturing May 11, 2016, and a '1' recovery rating, indicating that lenders could expect very high (90% to 100%) recovery in the event of a payment default. The ratings are subject to change and assume the transaction is completed on substantially the
