CHICAGO (S&P Global Ratings) June 10, 2016--S&P Global Ratings today assigned its 'B+' issue rating to Rosemont, Ill.-based US Foods Inc.'s proposed $2.3 billion seven year senior secured term loan B. The recovery rating on the new term loan is '3', indicating our view that creditors could expect meaningful (50% to 70%, in the upper half of the range) recovery in the event of a payment default. The rating incorporates our assumption that US Foods will complete its recently announced refinancing plan on substantially the terms presented to us. This includes refinancing the existing $2.1 billion term loan B due 2019, repaying the $1.35 billion senior unsecured notes due 2019, and, later this summer, the defeasance of the $472 million
