Performance Food Group Company Announces Pricing of Secondary Public Offering of Common Stock

RICHMOND, Va.--()--Performance Food Group Company (“PFG”) (NYSE: PFGC) today announced the pricing of an offering by certain selling stockholders. The selling stockholders are offering 12,000,000 shares of PFG’s common stock at a price of $24.25 per share. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares from the selling stockholders.

The selling stockholders will receive all of the net proceeds from the offering. No shares are being sold by PFG.

The offering is expected to close on May 24, 2016, subject to customary closing conditions.

Credit Suisse, Barclays, Wells Fargo Securities and Morgan Stanley are acting as joint bookrunning managers for the offering. BB&T Capital Markets, Guggenheim Securities and Macquarie Capital are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering of the shares of common stock will be made only by means of a prospectus, copies of which may be obtained from Credit Suisse, Credit Suisse Prospectus Department, One Madison Avenue, New York, NY 10010; tel: 1-800-221-1037, e-mail: newyork.prospectus@credit-suisse.com; or from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; tel: (888) 603-5847; e-mail: Barclaysprospectus@broadridge.com. The registration statement is available on the SEC’s website at www.sec.gov under the registrant’s name.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, all statements that do not relate solely to historical or current facts. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words.

Such forward-looking statements are subject to various risks and uncertainties that could cause actual future results to differ materially from those expressed in any forward-looking statements.

Any forward-looking statement speaks only as of the time of this release and we do not undertake to update or revise them as more information becomes available or to disclose any facts, events, or circumstances after the date of this release that may affect the accuracy of any forward-looking statement, except as required by law.

Contacts

Performance Food Group Company
Investors:
Michael D. Neese
VP, Investor Relations
804-287-8126
michael.neese@pfgc.com
or
Media:
Joe Vagi
Manager, Corporate Communications
804-484-7737
joe.vagi@pfgc.com

Contacts

Performance Food Group Company
Investors:
Michael D. Neese
VP, Investor Relations
804-287-8126
michael.neese@pfgc.com
or
Media:
Joe Vagi
Manager, Corporate Communications
804-484-7737
joe.vagi@pfgc.com